Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services. The Government Services segment provides government-centric business process services to the United States federal, state, local, and foreign governments for public assistance, program administration, transaction processing, and payment services; medical management and fiscal agent care management services; and government healthcare, payment solutions, child support, and federal services. The Transportation segment offers systems and support comprising mission-critical mobility and payment solutions to government clients. This segment also provides electronic tolling, urban congestion management, and mileage-based user solutions; transit solutions; citation and permit administration, parking enforcement, and curbside demand management solutions; and computer-aided dispatch/automatic vehicle location solutions. Conduent Incorporated was founded in 2016 and is headquartered in Florham Park, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: conduent.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/14/2024 | $9.00 | Outperform | Noble Capital Markets |
| 11/9/2021 | Buy → Hold | Needham |
4th Consecutive Year Conduent Named Leader in Customer Experience Services Provider Lens Report Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, today announced that Information Services Group (ISG) (NASDAQ:III), a leading global technology research and advisory firm, has recognized Conduent as a U.S. and Europe "Leader" in its 2024 Contact Center - Customer Experience Services Provider Lens™ report. The 2024 report recognized Conduent as a "Leader" in both the U.S. and Europe in three quadrants: Digital Operations, Intelligent Agent Experience and Intelligent CX (AI and Analytics). This is the fourth consecutive year that CX Provider
51% of U.S. adults find their health insurance plan difficult to understand Conduent's enhanced platform now provides a stronger employee experience to create a holistic view of health and wellness benefits and costs Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, announced the integration of AI-driven solutions by TALON and Jellyvision's ALEX with its Life@Work Connect Experience Platform, to elevate employee understanding of their personal health and wellness benefits. With the addition of Jellyvision and TALON, Life@Work Connect integrates additional uses of AI with two new employee resources in its digital portal that help employee
Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, and AshBritt, the nation's leading rapid-response emergency management, logistics and disaster-response contractor, today announced a collaboration to offer emergency services and instant payments to those in need. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031104495/en/ The new offering combines Conduent's expertise in managing a range of payment services for public sector clients with AshBritt's experience with various disaster recovery efforts. The companies stand ready to quickly support government agencies or other or
Conduent ebook "Optimizing finance operations through outsourcing: what works best? Assessing the input of 200 CFOs" guides CFOs in FA&P outsourcing New research based on a survey of 200 CFOs by Everest Group, supported by Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, shows that outsourcing finance and accounting with Business Process Outsourcing (BPO) providers helps internal teams quickly achieve meaningful efficiency benefits. Finance areas with the highest ROI when outsourced CFOs participating in the survey reported an average return on investment of 15% on their company's finance-related outsourcing investments, with four area
Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its third-quarter 2024 financial results on Wednesday, November 6 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID 13748951. The international dial-in is +1 201-689-8337. The international conference ID is also 13748951. A recording of the conference call will be ava
NelsonHall highlights Company's ability to create value across health payer value chain, its product roadmap and strategy for growth NelsonHall has again named Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, a Leader across all five categories in the NelsonHall 2024 NEAT Report for Healthcare Payer Operational Transformation. Conduent achieved the Leader designation based on strong core offerings for government and commercial health plans, including Medicare Advantage, and strong capabilities in automation of enrollment processing and document digitization, relative to its peers. Conduent was recognized as a Leader across all categorie
With Conduent, American Samoa will convert its paper voucher system to EBT cards and offer online and mobile access capabilities Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, has been selected by the American Samoa Department of Human and Social Services (DHSS) to modernize and convert the U.S. territory's legacy American Samoa Nutrition Assistance Program (ASNAP) system. As of 2024, nearly 5,000 needy, elderly, blind or disabled individuals in American Samoa receive ASNAP benefits from the government. These benefits provide essential food assistance to supplement their nutritional needs. Supported by Conduent, ASNAP recipients wil
Sale aligns with Conduent's strategy to streamline its portfolio, focusing on core capabilities and advancing synergistic growth. Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, today announced that it has completed the sale of its Casualty Claims Solutions Business to MedRisk, the nation's largest managed care organization dedicated to the physical rehabilitation of workers' compensation patients. The transaction was initially announced on May 3, 2024. "This completed divestiture is the third in our portfolio optimization plan, allowing us to further improve our balance sheet and advance our capital allocation strategy," said Cliff
KING OF PRUSSIA, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) -- MedRisk, a leader in managed physical rehabilitation in workers' compensation, has completed the acquisition of the Casualty Claims Solutions business, including the portfolio of Strataware® products, services, and technologies, from Conduent Incorporated (NASDAQ:CNDT). The acquired business encompasses workers' compensation and auto casualty bill review solutions and services, including the processing of medical bills and clinical services. Today, the company will be known as StrataCare, a brand with a long and proud history in the industry. This acquisition expands MedRisk's portfolio of care and cost management solutions for work
Key Q2 2024 Highlights Revenue: $828MAdj. Revenue(1): $811MPre-tax Income: $300MAdj. EBITDA Margin(1): 3.6%New Business Signings ACV(2): $142MNet ARR Activity Metric(2) (TTM): $(49)M FLORHAM PARK, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions and services company, today announced its second quarter 2024 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "We are pleased to report that our Adjusted Revenue and Adjusted EBITDA exceeded expectations, with upside from here. Meanwhile, as anticipated, Q2 represented the low point in our previously communicated growth trajecto
KING OF PRUSSIA, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) -- MedRisk, a leader in managed physical rehabilitation in workers' compensation, has completed the acquisition of the Casualty Claims Solutions business, including the portfolio of Strataware® products, services, and technologies, from Conduent Incorporated (NASDAQ:CNDT). The acquired business encompasses workers' compensation and auto casualty bill review solutions and services, including the processing of medical bills and clinical services. Today, the company will be known as StrataCare, a brand with a long and proud history in the industry. This acquisition expands MedRisk's portfolio of care and cost management solutions for work
Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company's Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May 2024 and will serve on the Company's Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board. "On behalf of our Board of
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Noble Capital Markets initiated coverage of Conduent with a rating of Outperform and set a new price target of $9.00
Needham downgraded Conduent from Buy to Hold
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Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its third-quarter 2024 financial results on Wednesday, November 6 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID 13748951. The international dial-in is +1 201-689-8337. The international conference ID is also 13748951. A recording of the conference call will be ava
Key Q2 2024 Highlights Revenue: $828MAdj. Revenue(1): $811MPre-tax Income: $300MAdj. EBITDA Margin(1): 3.6%New Business Signings ACV(2): $142MNet ARR Activity Metric(2) (TTM): $(49)M FLORHAM PARK, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions and services company, today announced its second quarter 2024 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "We are pleased to report that our Adjusted Revenue and Adjusted EBITDA exceeded expectations, with upside from here. Meanwhile, as anticipated, Q2 represented the low point in our previously communicated growth trajecto
Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its second-quarter 2024 financial results on Wednesday, August 7, 2024 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13747159. The international dial-in is +1 201-689-8337. The international conference ID is also 13747159. A recording of the conference call
Key Q1 2024 Highlights Revenue: $921MPre-tax Income: $127MAdj. EBITDA Margin(1): 7.5%New business signings ACV(2): $99MNet ARR Activity Metric(2) (TTM): $17M FLORHAM PARK, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions and services company, today announced its first quarter 2024 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "Q1 2024 is a continued reflection of progress in our portfolio performance overlaid by timing considerations and variations across our segments. While Revenue exceeded expectations and Adjusted EBITDA/Margin were broadly in line with expectations
Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its first-quarter 2024 financial results on Wednesday, May 1, 2024 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13745034. The international dial-in is +1 201-689-8337. The international conference ID is also 13745034. A recording of the conference call wil
Key Q4 and Full Year 2023 Highlights Revenue and Adj. Revenue(1): Q4 $953M / FY $3,722MPre-tax Income (Loss): Q4 $(4)M / FY $(332)MAdj. EBITDA Margin(1): Q4 10.8% / FY 10.2%New business signings ACV(2): Q4 $152M / FY $639MNet ARR Activity Metric(2) (TTM): $62M FLORHAM PARK, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2023 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "Our Q4 results contributed to a strong finish to 2023, with Adjusted Revenue, Adjusted EBITDA and Adjusted EBITDA Margin exceeding our previously descri
FLORHAM PARK, N.J., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its fourth-quarter and full-year 2023 financial results on Wednesday, February 14 at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13743384. The international dial-in is +1 201-689-8337. The international conference ID is also 13743384. A recording of the conference call will be available by calling 8
Key Q3 2023 Highlights Revenue and Adj. Revenue(1): $932MPre-tax Income (Loss): $(313)MAdj. EBITDA Margin(1): 9.9%New business signings ACV(2): $154MNet ARR Activity Metric(2) (TTM): $103M FLORHAM PARK, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions company, today announced its third quarter 2023 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "Our Q3 results represented a continuation of consistent performance in Revenue and EBITDA, exceeding expectations. Our portfolio diversity provided for an ability to accommodate variation between businesses whereby revenue timing in one bu
FLORHAM PARK, N.J., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, plans to report its third-quarter 2023 financial results on Wednesday, November 1 at 9:00 a.m. ET. The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com. The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13741473. The international dial-in is +1 201-689-8337. The international conference ID is also 13741473. A recording of the conference call will be available by calling 877-660-6
Key Q2 2023 Highlights Revenue and Adj. Revenue(1): $915MPre-tax Income (Loss): $(7)MAdj. EBITDA Margin(1): 10.2%New business signings ACV(2): $208MNet ARR Activity Metric(2) (TTM): $137M FLORHAM PARK, N.J., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions company, today announced its second quarter 2023 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "Our Q2 performance exceeded our expectations especially with respect to Revenue, EBITDA, Net ARR and New Business signings. Q2 included a large new logo win in Transportation, allowing us to record the highest quarter in New Business
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Three-phased project begins with implementation of contactless open payment system in advance of the 2024 Olympic Summer GamesConduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (NASDAQ:CNDT), today announced that Saint-Étienne Métropole (SEM), the public transportation authority for the city of Saint-Étienne and its surrounding metropolitan area in east-central France, has selected Conduent for a three-phase transformation of its STAS bus and tram network. SEM serves a population of more than 400,000.
Press Release
SEPTA pilots Conduent's solution with plans to expand the number of fare gates in the futureConduent's 3D Fare Gate Solution is designed to detect, deter and quantify fare evasion, benefiting both agencies and ridersConduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (NASDAQ:CNDT), today announced a pilot program by the Southeastern Pennsylvania Transportation Authority (SEPTA) using Conduent's 3D Fare Gate Solution at a Philadelphia area transit station. The pilot aims to track and curb incidents of fare evasion, which costs SEPTA an estimated $30 million to $40 million annually.
Conduent Inc (NASDAQ:CNDT) shares are trading higher after the company signed an agreement to sell its Casualty Claims Solutions business to MedRisk. MedRisk is a managed care organization dedicated to the physical rehabilitation of workers’ compensation patients. The $240 million cash deal includes Conduent’s workers’ compensation and auto casualty bill review solutions. It also includes the processing of medical bills and clinical services, and its portfolio of Strataware bill review software products. In 2023, the business, with approximately 100 clients across multiple markets, processed approximately 29 million medical bills. Conduent employees in the Casualty Claims Solutions
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