Conduent Inc. $CNDT Shares Purchased by Blue Owl Capital Holdings LP

Blue Owl Capital Holdings LP increased its holdings in shares of Conduent Inc. (NASDAQ:CNDT) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,822,422 shares of the company’s stock after buying an additional 365,574 shares during the quarter. Conduent accounts for 0.7% of Blue Owl Capital Holdings LP’s investment portfolio, making the stock its 10th biggest holding. Blue Owl Capital Holdings LP’s holdings in Conduent were worth $9,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its stake in Conduent by 89.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 10,920 shares of the company’s stock worth $30,000 after purchasing an additional 5,165 shares during the period. Sei Investments Co. boosted its stake in Conduent by 4.3% during the 3rd quarter. Sei Investments Co. now owns 201,619 shares of the company’s stock worth $565,000 after purchasing an additional 8,381 shares during the period. HTG Investment Advisors Inc. boosted its stake in Conduent by 66.8% during the 4th quarter. HTG Investment Advisors Inc. now owns 22,474 shares of the company’s stock worth $43,000 after purchasing an additional 9,000 shares during the period. Strs Ohio boosted its stake in Conduent by 6.8% during the 4th quarter. Strs Ohio now owns 171,500 shares of the company’s stock worth $329,000 after purchasing an additional 10,900 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in Conduent during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Price Performance

CNDT stock opened at $1.88 on Monday. Conduent Inc. has a one year low of $1.15 and a one year high of $2.98. The stock has a market capitalization of $291.59 million, a PE ratio of -1.84 and a beta of 1.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day moving average of $1.49 and a 200-day moving average of $1.68.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The business had revenue of $723.00 million during the quarter, compared to the consensus estimate of $746.67 million. Conduent had a negative net margin of 5.04% and a negative return on equity of 7.08%. As a group, analysts expect that Conduent Inc. will post -0.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Conduent from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Noble Financial upgraded shares of Conduent to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Conduent in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Conduent currently has an average rating of “Buy”.

Conduent Profile

Conduent Incorporated is a global provider of diversified business process services with a focus on delivering digital platforms and automation solutions. The company serves clients across a variety of industries including healthcare, transportation, public sector, financial services and human resources. By combining technology-enabled services with data analytics and artificial intelligence, Conduent helps organizations streamline operations, enhance customer experiences and improve overall efficiency.

Key offerings from Conduent encompass customer engagement and transaction processing, digital payment solutions, eligibility and enrollment services for health and welfare programs, and workforce management tools.