Conduent Inc Stock Price, News & Analysis

Conduent Incorporated (Nasdaq: CNDT) has announced its partnership with Oracle to utilize Oracle Exadata Cloud@Customer. This collaboration aims to enhance agility, performance, and scalability in delivering critical solutions and services to clients globally. The solution will allow Conduent to better meet data locality and compliance requirements, accelerating implementation and improving service efficiency. Conduent's reliance on Oracle's advanced technology will further augment its capabilities, ensuring essential business services are efficiently provided to both commercial and government clients.

Conduent (Nasdaq: CNDT) has been recognized as a market leader in Health & Welfare (H&W) Administration by global analyst firm NelsonHall in its latest evaluation report. The report assessed 10 providers, highlighting Conduent's strengths in combining benefits administration with health navigation services, innovative use of technology, and ongoing investments in analytics. Conduent's Life@Work® portal enhances employee engagement and drives down healthcare costs. This recognition reinforces Conduent's commitment to delivering comprehensive and innovative solutions that benefit clients and improve their bottom line.

Conduent (CNDT) will release its fourth quarter and full year 2020 financial results on February 18, 2021, post market close. A conference call is scheduled for 5:00 p.m. ET to discuss these results, available via audio webcast and phone. Conduent provides essential services for businesses and governments, impacting millions daily. The company highlights its significant cost savings and efficiency improvements across various operations, indicating strong value in its services.

Conduent's analysis reveals a significant recovery in toll road traffic volumes, showing only an 8.7% year-over-year decline in November 2020, a substantial improvement from the 50% drop recorded in April 2020. This rebound aligns with the easing of COVID-19 restrictions and proactive measures by tolling agencies. However, traffic trends remain volatile, with slight year-over-year declines in October and November. In 2019, Conduent managed over 4 billion toll transactions, representing more than 50% of major toll systems in the U.S.

Conduent Transportation announces the rollout of its Seamless® Transportation System in the Tours Métropole’s Fil Bleu public transport network across 200 buses and 21 trams. This contactless payment solution allows 1.5 million residents in seven urban areas in France to access public transportation safely, enhancing passenger experience amid the COVID-19 pandemic. The system features NFC and BLE technology, ensuring data privacy. Fil Bleu serves nearly 40 million travelers annually and aims to simplify operations and interoperability with other transit systems in France.

Conduent Incorporated (Nasdaq: CNDT) has secured a seven-year agreement with Vaya Health to implement a customized version of its award-winning HSP Core Claims Administration software. This partnership aims to optimize the administration of behavioral health benefits for Medicaid recipients in North Carolina. As Vaya transitions to a pay-for-performance model by July 2021, the software will facilitate cost savings and efficiency gains through automated processes and advanced analytics. The agreement positions Vaya to adapt to new Medicaid program rules effectively.

Conduent Incorporated (Nasdaq: CNDT) announced a commercial agreement with Experian Health to enhance Patient Assistance Programs (PAPs). This collaboration aims to facilitate quick access to prescription drug assistance for uninsured and underinsured patients, benefiting up to 28 million Americans. The partnership integrates Conduent’s IntelliHealth platform with Experian’s electronic income verification tool, streamlining the approval process for medications. This initiative is crucial given the current economic challenges, with over 12.6 million Americans jobless, and aims to eliminate paperwork for patients in need.

Conduent Incorporated (Nasdaq: CNDT) announced its status as the first preferred affiliate of APPLY Synergies, a consulting firm focused on learning and performance support strategies. This relationship permits Conduent to access proprietary methodologies to enhance learning solutions for global clients across various industries. The 5 Moments of Need methodology facilitates just-in-time training for employees, improving onboarding and re-skilling effectiveness. This partnership aims to help organizations adapt in the fast-evolving business landscape, particularly in response to challenges like COVID-19.