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Conduent Inc . (NASDAQ:CNDT) President and CEO Clifford Skelton recently acquired 45,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on May 16, 2025, at a weighted average price of $2.26 per share, totaling approximately $101,699. According to InvestingPro data, the stock is currently trading at $2.22, representing a 45% decline from its 52-week high of $4.90.
The transaction was initially reported with an error in the transaction code, which was later corrected in the amended filing. The purchase was made in multiple transactions, with prices ranging from $2.245 to $2.265 per share. Following this acquisition, Skelton holds 4,383,552 shares directly. The company, with a market capitalization of $359.26 million, trades at a low Price/Book multiple while maintaining a healthy current ratio of 1.64.
This move by Skelton reflects his continued investment in Conduent, a company that provides business process services. The CEO’s transaction comes amidst ongoing efforts by the company to enhance its operations and financial performance. InvestingPro analysis reveals several key factors affecting the company, including significant debt levels and rapid cash burn. Discover 12 additional exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
In other recent news, Conduent Inc. reported its first-quarter 2025 earnings, which showed revenue of $751 million, falling short of the $784 million forecasted by analysts. The company managed to meet earnings per share expectations at -$0.13 despite the revenue shortfall. Conduent’s adjusted EBITDA increased slightly to $37 million from $36 million in the same period last year, with an improved adjusted EBITDA margin of 4.9%. The company continues to focus on AI and fraud prevention initiatives, aiming for operational efficiency. Conduent has also been working on reducing debt and repurchasing shares, with significant divestitures completed in 2024 generating nearly $800 million in proceeds. Analysts did not provide any recent upgrades or downgrades for Conduent, but the company’s strategic focus on AI-driven solutions and operational improvements were noted. Conduent’s full-year 2025 outlook remains unchanged, with expectations for sequential revenue growth in the second quarter and top-line growth in the latter half of the year.
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