William Blair Investment Management LLC Has $25.64 Million Stake in Conduent Incorporated (NASDAQ:CNDT)

William Blair Investment Management LLC grew its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,345,652 shares of the company’s stock after acquiring an additional 154,953 shares during the quarter. William Blair Investment Management LLC owned 3.97% of Conduent worth $25,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CNDT. Empowered Funds LLC raised its stake in Conduent by 5.4% during the third quarter. Empowered Funds LLC now owns 797,654 shares of the company’s stock worth $3,215,000 after acquiring an additional 40,602 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Conduent in the third quarter valued at approximately $146,000. BNP Paribas Financial Markets increased its stake in shares of Conduent by 68.3% in the third quarter. BNP Paribas Financial Markets now owns 179,330 shares of the company’s stock valued at $723,000 after buying an additional 72,783 shares during the period. BBR Partners LLC acquired a new position in shares of Conduent in the third quarter valued at approximately $121,000. Finally, Paloma Partners Management Co acquired a new position in shares of Conduent in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Performance

Conduent stock opened at $2.99 on Wednesday. The business has a 50 day moving average of $3.78 and a 200-day moving average of $3.88. Conduent Incorporated has a 1 year low of $2.96 and a 1 year high of $4.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The company has a market capitalization of $483.87 million, a P/E ratio of 1.38 and a beta of 1.36.

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