Conduent Inc (CNDT) Holdings Boosted by St. James Investment Company LLC

St. James Investment Company LLC grew its stake in shares of Conduent Inc (NYSE:CNDT) by 91.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,791,108 shares of the company’s stock after purchasing an additional 857,258 shares during the period. Conduent makes up 3.3% of St. James Investment Company LLC’s investment portfolio, making the stock its 15th largest holding. St. James Investment Company LLC owned approximately 0.85% of Conduent worth $28,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rice Hall James & Associates LLC purchased a new position in Conduent in the fourth quarter worth about $12,636,000. Boyar Asset Management Inc. bought a new stake in shares of Conduent in the third quarter worth approximately $1,898,000. Kirr Marbach & Co. LLC IN grew its stake in shares of Conduent by 26.2% in the third quarter. Kirr Marbach & Co. LLC IN now owns 706,337 shares of the company’s stock worth $11,068,000 after acquiring an additional 146,588 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Conduent by 448.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 119,557 shares of the company’s stock worth $1,874,000 after acquiring an additional 97,741 shares during the period. Finally, OxFORD Asset Management LLP grew its stake in shares of Conduent by 1.0% in the third quarter. OxFORD Asset Management LLP now owns 753,517 shares of the company’s stock worth $11,845,000 after acquiring an additional 7,102 shares during the period. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CNDT. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Conduent in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 9th. Cross Research upgraded shares of Conduent from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. BMO Capital Markets cut their target price on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, November 9th. Finally, BidaskClub upgraded shares of Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.60.

Conduent Inc (NYSE:CNDT) traded up $0.33 on Wednesday, hitting $15.84. 2,243,828 shares of the company’s stock were exchanged, compared to its average volume of 2,436,018. The company has a market capitalization of $3,279.78 and a price-to-earnings ratio of -3.19. Conduent Inc has a fifty-two week low of $14.86 and a fifty-two week high of $18.15. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60.

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About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

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