Factorial Partners LLC Cuts Stock Position in Conduent Incorporated (NASDAQ:CNDT)

Factorial Partners LLC trimmed its position in Conduent Incorporated (NASDAQ:CNDT) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000,000 shares of the company’s stock after selling 10,671 shares during the period. Conduent makes up approximately 2.3% of Factorial Partners LLC’s holdings, making the stock its 11th biggest holding. Factorial Partners LLC owned 0.62% of Conduent worth $4,030,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Guardian Capital LP purchased a new position in shares of Conduent in the 1st quarter valued at approximately $34,000. HTG Investment Advisors Inc. purchased a new stake in shares of Conduent during the second quarter valued at $37,000. Algert Global LLC acquired a new position in shares of Conduent in the 2nd quarter valued at $52,000. Williams & Novak LLC purchased a new position in Conduent in the 2nd quarter worth $65,000. Finally, Lazard Asset Management LLC acquired a new stake in Conduent during the 1st quarter worth about $79,000. 77.28% of the stock is owned by institutional investors and hedge funds.

Conduent Stock Down 3.5 %

Shares of CNDT stock opened at $3.56 on Wednesday. The firm has a market capitalization of $569.21 million, a PE ratio of 1.57 and a beta of 1.48. The stock’s 50-day simple moving average is $3.88 and its 200-day simple moving average is $3.68. Conduent Incorporated has a fifty-two week low of $2.77 and a fifty-two week high of $4.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. During the same quarter last year, the business posted ($0.09) EPS. The company’s revenue was down 13.4% on a year-over-year basis. Equities analysts expect that Conduent Incorporated will post -0.45 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.