State Board of Administration of Florida Retirement System Sells 21,590 Shares of Conduent Incorporated (NASDAQ:CNDT)

State Board of Administration of Florida Retirement System lowered its position in Conduent Incorporated (NASDAQ:CNDTGet Rating) by 18.9% in the 2nd quarter, Holdings Channel reports. The fund owned 92,863 shares of the company’s stock after selling 21,590 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Conduent were worth $401,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mariner LLC raised its position in shares of Conduent by 5.0% in the 1st quarter. Mariner LLC now owns 47,807 shares of the company’s stock worth $246,000 after acquiring an additional 2,270 shares in the last quarter. Graham Capital Management L.P. raised its position in shares of Conduent by 5.5% in the 1st quarter. Graham Capital Management L.P. now owns 57,637 shares of the company’s stock worth $297,000 after acquiring an additional 3,025 shares in the last quarter. ClariVest Asset Management LLC increased its position in Conduent by 4.7% during the 1st quarter. ClariVest Asset Management LLC now owns 106,138 shares of the company’s stock valued at $549,000 after buying an additional 4,800 shares in the last quarter. Humankind Investments LLC increased its position in Conduent by 18.9% during the 1st quarter. Humankind Investments LLC now owns 30,305 shares of the company’s stock valued at $156,000 after buying an additional 4,814 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Conduent by 42.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,892 shares of the company’s stock valued at $92,000 after buying an additional 5,024 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Conduent in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Conduent Stock Up 1.5 %

CNDT stock opened at $3.97 on Monday. Conduent Incorporated has a twelve month low of $3.29 and a twelve month high of $6.32. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.05. The firm has a market cap of $857.20 million, a PE ratio of 8.63 and a beta of 1.72. The business has a 50 day moving average of $3.70 and a 200 day moving average of $4.05.

Conduent (NASDAQ:CNDTGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Conduent had a return on equity of 7.21% and a net margin of 2.83%. The company had revenue of $977.00 million during the quarter. On average, research analysts forecast that Conduent Incorporated will post 0.28 EPS for the current fiscal year.

About Conduent

(Get Rating)

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services.

Further Reading

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Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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