A number of investment organizations changed their investments in Conduent

Hedge Funds Buying CNDT

Some investment funds have made changes to their CNDT holdings. Schonfeld Strategic Advisors inflated its stake in Conduent by 212,229 shares, increasing the total number of shares owned by the hedge fund to 233,729, worth about $2,485,000. This amounts to an increase of 987.11% over the prior quarter's 21,500 shares. CNDT now constitutes 0.09% of the hedge fund's stock portfolio.

578,174 shares of CNDT were loaded up by Point72 Asset Management, increasing the total number of shares held by the firm to 1,582,874, valued at $16,826,000. This equals a growth of 57.55% over the past quarter's 1,004,700 shares. CNDT now makes up 0.10% of the hedge fund's holdings.

Aqr Capital Management has been raising its position in CNDT over the past few quarters, acquiring 725,868 shares in the 2nd quarter and 2,050,723 additional shares in the 3rd quarter, enlarging the aggregate number of shares held by the firm to 3,087,801. The hedge fund now holds a $32.8 million stake in CNDT, forming 0.04% of the fund's stock portfolio. This adds up to a growth of 197.74% over the last quarter's 1,037,078 shares.

Hedge Funds Selling CNDT

Governors Lane has been off-loading CNDT shares in the last several months, selling 2,414,300 shares in the 2nd quarter and another 967,694 shares in the 3rd quarter, dwindling the aggregate number of shares held by the hedge fund to 339,868. The fund now holds a $3.6 million investment in CNDT, making up 0.35% of the firm's investments. This adds up to a drop of -74.01% over the past quarter's 1,307,562 shares.

Olstein Capital Management closed out its $8.9 million holdings in Conduent after unloading its CNDT shares during the previous few quarters. The fund sold 139,247 shares in the 2nd quarter and another 539,653 shares in the 3rd quarter.

Balyasny Asset Management closed out its $26.9 million position in Conduent. The firm sold 1,624,855 shares of the company in the past quarter.

Top Holders of CNDT

The wealth management firms with the largest investments in CNDT are Wallace Capital Management, Icahn Enterprises, and Iridian Asset Management. Wallace Capital Management off-loaded 36,225 shares of CNDT in the 2nd quarter and another 130,511 shares in the 3rd quarter, reducing the total number of shares held by the firm to 1,090,876. The fund now holds a $11.6 million position in CNDT, comprising 1.68% of the fund's holdings. This adds up to a decrease of -10.69% over the past quarter's 1,221,387 shares.

Icahn Enterprises has a stake of 19,806,000 shares of Conduent, valued at $210,538,000. The hedge fund did not change its CNDT investment in the 3rd quarter, and CNDT now constitutes 1.03% of the firm's portfolio.

Iridian Asset Management decreased its position in Conduent by 528,575 shares, diminishing the cumulative number of shares held by the hedge fund to 6,255,993, valued at $66,501,000. This equals a decline of -7.79% over the past quarter's 6,784,568 shares. CNDT now represents 0.89% of the firm's investment portfolio.

CNDT Stock Price

CNDT slipped 1.66% on Tuesday, moving down to a day's low of 15 before moving upwards to cease trading at 14.85. The stock opened at 15.06, roughly -0.26% from its previous close of 15.10. CNDT is floating a long way from its TTM high of 23.39 and is faraway from its 12 month low of 9.68. The company has a market capitalization of $3.14B.