New York Life Investment Management LLC Sells 16,353 Shares of Conduent Incorporated (NASDAQ:CNDT)

New York Life Investment Management LLC cut its holdings in shares of Conduent Incorporated (NASDAQ:CNDTFree Report) by 13.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,803 shares of the company’s stock after selling 16,353 shares during the period. New York Life Investment Management LLC’s holdings in Conduent were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNDT. 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 valued at $25,934,000 after purchasing an additional 5,881,958 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Conduent by 20.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,841,839 shares of the company’s stock worth $31,760,000 after purchasing an additional 1,314,421 shares in the last quarter. BlackRock Inc. increased its stake in shares of 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 purchasing an additional 1,099,590 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Conduent by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,152,387 shares of the company’s stock worth $31,392,000 after purchasing an additional 904,919 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Conduent by 5.4% during the third quarter. Vanguard Group Inc. now owns 17,192,316 shares of the company’s stock worth $57,423,000 after purchasing an additional 885,324 shares in the last quarter. 75.81% of the stock is currently owned by institutional investors and hedge funds.

Conduent Stock Up 1.8 %

CNDT stock opened at $3.45 on Monday. The stock has a market capitalization of $749.65 million, a P/E ratio of -1.16 and a beta of 1.63. The firm has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $3.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 2.04. Conduent Incorporated has a 52 week low of $2.40 and a 52 week high of $4.45.

Conduent Company Profile

(Free Report)

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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