Conduent, Inc. (CNDT)

Conduent's stock price has experienced notable fluctuations in the past six months. Between October 2024 and October 2025, the share price declined. In April 2025, shares plunged due to an earnings miss, debt burden, cash burn, and negative return on equity. In January 2025, the company incurred expenses related to a cyber event. In Q1 2024, commercial segment revenues decreased, and the government segment's adjusted EBITDA was down, while the transportation segment's revenues increased. Conduent reported its Q2 2025 financial results, narrowing its loss and surpassing Wall Street estimates, which led to a rise in the stock. As of July 2024, Conduent was in a transition phase, selling off subsidiaries to reduce debt and improve profitability, with projected revenue declines for 2024 and 2025.

There is no explicit mention or clear indication of significant demand seasonality for Conduent, Inc.'s products and services. Fluctuations in revenue are more likely influenced by factors such as new contract wins, project implementations, divestitures of businesses, and broader economic conditions, rather than predictable seasonal demand.

Conduent, Inc. is a technology-led business process services company providing digital platforms and services to businesses and governments globally. Spun off from Xerox in 2017, it is headquartered in Florham Park, New Jersey. The company operates in the Technology sector, specifically in IT and Business Services. Conduent's services are delivered through three segments: Commercial, which offers business process services and customized solutions to private sector clients; Government, which partners with government agencies to provide services such as transportation solutions, eligibility and enrollment services, child support services, and government healthcare program administration; and Transportation, which focuses on systems, support, and revenue-generating solutions for government transportation agencies. Conduent leverages advanced technologies like AI, ML, automation, and data analytics to enhance its service offerings and drive digital transformation.

Conduent has a significant global presence, with offices in over 40 countries and over 31,000 employees across 22 countries as of 2021. The company serves clients across the United States, Europe, and internationally, including North America, Asia Pacific, Latin America, and the Caribbean.

Conduent has received several positive recognitions, including being named General Motors' 2024 Supplier of the Year. It was recognized as a Leader in Customer Experience Services by ISG Provider Lens™ in the U.S. and Europe and ranked as a top Leader in Healthcare Payer Operations Transformation by NelsonHall for the second consecutive year. Newsweek recognized Conduent as one of America's greatest workplaces for women and diversity in 2024, and it has been included in the GovTech Top 100 for the third year. However, the cyber breach in January 2025 could potentially impact the company's reputation.

Conduent, Inc. is primarily owned by institutional shareholders, who hold 71.99% of the company. Major institutional owners include Neuberger Berman Group LLC, BlackRock, Inc., Dimensional Fund Advisors Lp, Vanguard Group Inc, T. Rowe Price Investment Management, Inc., Blue Owl Capital Holdings LP, and Charles Schwab Investment Management Inc. Carl C. Icahn is the largest individual shareholder, owning 30.47% of the company.