Assenagon Asset Management S.A. Has $2.52 Million Holdings in Conduent Incorporated (NASDAQ:CNDT)

Assenagon Asset Management S.A. cut its stake in shares of Conduent Incorporated (NASDAQ:CNDTGet Rating) by 23.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 754,344 shares of the company’s stock after selling 236,234 shares during the period. Assenagon Asset Management S.A.’s holdings in Conduent were worth $2,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Conduent by 6.9% during the first quarter. BlackRock Inc. now owns 16,966,185 shares of the company’s stock worth $87,546,000 after acquiring an additional 1,099,590 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Conduent by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,785,151 shares of the company’s stock worth $35,011,000 after acquiring an additional 404,768 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Conduent by 4,848.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,003,267 shares of the company’s stock worth $25,934,000 after acquiring an additional 5,881,958 shares during the last quarter. State Street Corp lifted its position in Conduent by 14.5% during the first quarter. State Street Corp now owns 4,323,678 shares of the company’s stock worth $22,310,000 after acquiring an additional 547,772 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Conduent by 4.2% during the second quarter. Renaissance Technologies LLC now owns 1,946,700 shares of the company’s stock worth $8,410,000 after acquiring an additional 79,000 shares during the last quarter. 77.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Conduent Stock Up 0.2 %

Shares of CNDT opened at $4.43 on Thursday. Conduent Incorporated has a 12 month low of $3.29 and a 12 month high of $6.13. The firm’s 50 day moving average is $4.00 and its 200-day moving average is $3.98. The stock has a market capitalization of $956.53 million, a PE ratio of 9.63 and a beta of 1.65. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.05.

Conduent (NASDAQ:CNDTGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Conduent had a net margin of 2.83% and a return on equity of 7.21%. The company had revenue of $977.00 million for the quarter. Equities research analysts forecast that Conduent Incorporated will post 0.28 EPS for the current year.

Conduent Company Profile

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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.

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Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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