SEC Form SC 13G filed by Conduent Incorporated

2/14/24 10:04:38 AM ET

Real Estate

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SC 13G 1 cndt13gdec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) CONDUENT INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 206787103 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 3,961,000 6. Shared Voting Power* 0 7. Sole Dispositive Power* 10,906,621 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 10,906,621 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 5.0% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: CONDUENT INC Item 1(b) Address of Issuer's Principal Executive Offices: 100 CAMPUS DRIVE, FLORHAM PARK, NEW JERSEY 07932 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 206787103 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2024 Signature: /s/ Armando Capasso Name & Title: Armando Capasso, Vice President 12/31/2023

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Date

Price Target

Rating

Analyst

3/14/2024

$9.00

Outperform

Noble Capital Markets

11/9/2021

Buy → Hold

Needham

SEC Form SC 13G filed by Conduent Incorporated

2/14/24 10:04:38 AM ET

$CNDT

Real Estate

Get the next $CNDT alert in real time by email

Date

Price Target

Rating

Analyst

3/14/2024

$9.00

Outperform

Noble Capital Markets

11/9/2021

Buy → Hold

Needham

SEC Form SC 13G filed by Conduent Incorporated

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$CNDT

SEC Form SC 13G filed by Conduent Incorporated

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$CNDT

$CNDT
Insider Purchases

Director Agadi Harshavardhan V bought $281,000 worth of shares (100,000 units at $2.81) (SEC Form 4)

Amendment: President and CEO Skelton Clifford bought $101,700 worth of shares (45,000 units at $2.26), increasing direct ownership by 1% to 4,383,552 units (SEC Form 4)

EVP, Chief Financial Officer Goodburn Giles Andrew bought $32,011 worth of shares (13,798 units at $2.32), increasing direct ownership by 4% to 331,168 units (SEC Form 4)

$CNDT
Insider Trading

Director Fucci Michael was granted 13,419 shares (SEC Form 4)

New insider Fucci Michael claimed no ownership of stock in the company (SEC Form 3)

EVP, Commercial Solutions Mcdaniel Michael William covered exercise/tax liability with 10,823 shares, decreasing direct ownership by 3% to 381,802 units (SEC Form 4)

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Press Releases

Solutions by Text and Conduent Partner to Modernize Loan Servicing with Integrated, Compliant Text Messaging

Conduent Reports Third Quarter 2025 Financial Results

Conduent Applies GenAI to Revolutionize Detection of Reportable Events and Sets New Standard for FDA Compliance

$CNDT
Analyst Ratings

Noble Capital Markets initiated coverage on Conduent with a new price target

Conduent downgraded by Needham

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SEC Filings

SEC Form 10-Q filed by Conduent Incorporated

Conduent Incorporated filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Conduent Incorporated filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

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Leadership Updates

Conduent Appoints Michael J. Fucci to Board of Directors

REPAY Appoints New Chief Financial Officer

Conduent Announces Board Leadership Transition

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Conduent Incorporated