Miller Value Partners LLC Has $6.26 Million Holdings in Conduent Incorporated (NASDAQ:CNDT)

Miller Value Partners LLC lifted its position in Conduent Incorporated (NASDAQ:CNDT) by 72.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,549,260 shares of the company’s stock after acquiring an additional 648,325 shares during the period. Conduent comprises approximately 2.7% of Miller Value Partners LLC’s holdings, making the stock its 15th largest position. Miller Value Partners LLC owned approximately 0.97% of Conduent worth $6,259,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Conduent by 526.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,216,978 shares of the company’s stock valued at $12,997,000 after acquiring an additional 2,703,849 shares in the last quarter. Blue Owl Capital Holdings LP boosted its holdings in shares of Conduent by 67.3% during the fourth quarter. Blue Owl Capital Holdings LP now owns 5,625,459 shares of the company’s stock worth $22,727,000 after purchasing an additional 2,262,437 shares during the period. American Century Companies Inc. grew its position in Conduent by 156.8% during the fourth quarter. American Century Companies Inc. now owns 2,354,300 shares of the company’s stock valued at $9,511,000 after purchasing an additional 1,437,479 shares in the last quarter. Prudential Financial Inc. grew its position in Conduent by 1,011.1% during the fourth quarter. Prudential Financial Inc. now owns 1,506,557 shares of the company’s stock valued at $6,086,000 after purchasing an additional 1,370,961 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Conduent by 100.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,317,936 shares of the company’s stock valued at $9,364,000 after buying an additional 1,162,068 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Trading Up 2.9 %

Shares of NASDAQ:CNDT opened at $2.14 on Friday. The firm has a fifty day moving average of $2.85 and a two-hundred day moving average of $3.60. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. Conduent Incorporated has a 12-month low of $1.93 and a 12-month high of $4.90. The firm has a market capitalization of $346.32 million, a P/E ratio of 0.99 and a beta of 1.36.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. On average, equities analysts expect that Conduent Incorporated will post -0.34 EPS for the current fiscal year.

Conduent Profile

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.