JPMorgan Chase & Co. Has $13 Million Holdings in Conduent Incorporated (NASDAQ:CNDT)

JPMorgan Chase & Co. lifted its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 526.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,216,978 shares of the company’s stock after acquiring an additional 2,703,849 shares during the period. JPMorgan Chase & Co.’s holdings in Conduent were worth $12,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in Conduent by 288.7% in the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock valued at $35,000 after acquiring an additional 6,524 shares during the last quarter. SilverOak Wealth Management LLC bought a new position in shares of Conduent in the 4th quarter worth $53,000. Bailard Inc. acquired a new stake in shares of Conduent during the fourth quarter worth $58,000. Cibc World Markets Corp bought a new stake in Conduent in the fourth quarter valued at about $60,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Conduent in the fourth quarter valued at about $114,000. 77.28% of the stock is owned by institutional investors.

Conduent Price Performance

Shares of CNDT opened at $2.04 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73. The stock has a market cap of $330.13 million, a P/E ratio of 0.94 and a beta of 1.36. The stock’s 50-day moving average price is $3.24 and its two-hundred day moving average price is $3.72. Conduent Incorporated has a 1 year low of $1.98 and a 1 year high of $4.90.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. On average, equities analysts predict that Conduent Incorporated will post -0.34 earnings per share for the current year.

Conduent Company Profile

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.