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Conduent Incorporated (CNDT) provides business process services with capabilities in transaction-intensive processing, analytics, and automation to government and commercial customers in the United States and internationally. The company is a recent spin-off from Xerox (XRX). Shares came public in December of 2016.
It operates in three segments: Commercial Industries, Healthcare, and Public Sector.
The Commercial Industries segment provides business process services and customized solutions to clients in various industries. It delivers business-to-business and business-to-customer services, including customer care, human resource management, and finance and accounting that enable its clients to optimize their processes. This segment also offers industry-specific services, such as personalized product information for the automotive industry; digitized source-to-pay solutions for clients in the manufacturing industry; customer experience and marketing services for clients in the retail industry; mortgage and consumer loan processing for clients in the financial services industry; and customized workforce learning solutions for clients in the aerospace industry.
The Healthcare segment provides industry-centric business process services to clients across the healthcare industry, including providers, payers, employers, pharmaceutical and life science companies, and government agencies.
The Public Sector segment offers government-centric business process services to the United States federal, state, and local governments, as well as foreign governments for transportation, public assistance, program administration, transaction processing, and payment services. The company also implements and maintains Government Health Enterprise Medicaid Platform systems for health enterprise clients. In addition, it offers payment services, such as prepaid cards, health savings accounts, and child support payments; customer care services; legal business services; and applied automation and analytics solutions.
Shares have formed a bullish wedge and are on the cusp of breaking out of this formation. Note that the 50-day moving average (shown in green) is acting as a support. Higher share prices are expected for this stock. The company is expected to report its quarterly results on April 26th.
Entry Point: $16.00
52-Weeks Trading Range: $13.10 - $17.44
Stop Loss: $15.00
Target Price: $17.60
CNDT closed at $17.45
