Conduent Incorporated (NASDAQ:CNDT) Short Interest Update

Conduent Incorporated (NASDAQ:CNDT) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,300,000 shares, an increase of 8.5% from the January 15th total of 2,120,000 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Conduent

Several institutional investors have recently bought and sold shares of CNDT. Creative Planning increased its position in shares of Conduent by 74.2% during the 3rd quarter. Creative Planning now owns 60,843 shares of the company’s stock valued at $245,000 after purchasing an additional 25,912 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Conduent by 9.1% during the third quarter. Assenagon Asset Management S.A. now owns 684,246 shares of the company’s stock valued at $2,758,000 after acquiring an additional 57,183 shares during the last quarter. US Bancorp DE raised its stake in shares of Conduent by 1,484.1% in the third quarter. US Bancorp DE now owns 30,352 shares of the company’s stock valued at $122,000 after acquiring an additional 28,436 shares during the period. Empowered Funds LLC lifted its holdings in shares of Conduent by 5.4% in the 3rd 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 during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Conduent during the 3rd quarter worth about $146,000. Institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

Shares of Conduent stock traded down $0.09 during trading hours on Tuesday, hitting $4.12. The company’s stock had a trading volume of 1,176,243 shares, compared to its average volume of 862,740. Conduent has a 12-month low of $2.96 and a 12-month high of $4.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $657.95 million, a PE ratio of 1.81 and a beta of 1.41. The business has a 50 day moving average price of $4.10 and a two-hundred day moving average price of $3.89.

Conduent (NASDAQ:CNDT) last issued its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. Analysts expect that Conduent will post -0.45 earnings per share for the current fiscal year.

About Conduent

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.