Buyback Radar
Company reports

Conduent

CNDT

Conduent has retired 28.8% of its shares since 2022, from 218,404,494 to 155,520,800.

28.8%retired since 2022
26.9%last 5 years
-1.7%last 12 months
156Mshares today

At $1.39 a share, a market value of $216.2M. P/E n/m, trailing twelve months to June 2026.

Shares outstanding, 2016 to todaysplit adjusted, from SEC filings
a quarter gone 2023218M shares, 2022156M201620182020202220242026
2016, 203,630,0422026-07-31, 155,520,800
A share bought in 2016
1.3× more of Conduent today, without buying another share. It was one of 203,630,042 shares then. It is one of 155,520,800 now.
Every filing we read10 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20162017-02-28203,630,04210-K
20172018-01-31210,469,17710-K
20182019-01-31211,601,55910-K
20192020-01-31211,886,56610-K
20202021-01-31212,149,68510-K
20212022-01-31215,420,53010-K
20222023-01-31218,404,49410-K
20232024-01-31209,974,90410-K
20242025-01-31161,830,13810-K
20252026-01-31154,709,17410-K

Source: all 10-K filings of Conduent on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2023 to 2025cash flow statement against share count
$234Mspent on buybacks
64Mfewer shares outstanding
11.6%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $1.39.

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Conduent buybacks, answered

Is Conduent buying back its stock?

Not on a net basis. Conduent has 1.7% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is down 26.9%.

How many shares has Conduent bought back?

Net of every new share it issued, Conduent has 62.9 million fewer shares than at its 2022 peak. That is 28.8% of the company.

How many shares does Conduent have outstanding?

155,520,800 shares, as of July 31, 2026, from the cover page of its latest 10-Q. At the 2022 peak it had 218,404,494.

What do Conduent's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Conduent stock in 2022 owns 1.4 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Conduent compare with other cannibal stocks?

Conduent ranks No. 282 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Cigna (29.0%), LPL Financial (28.9%), Starbucks (28.7%), Sysco (28.7%).

Every answer is computed from Conduent's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill MillerMiller Value Partners12,986,100 shares, $19.0M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

Agadi Harshavardhan VDirector; Chief Executive Officer2026-02-20, 117,099 shares at $1.56 $183K total
Fucci MichaelDirector2026-02-19, 60,000 shares at $1.44 $87K total
Agadi Harshavardhan VDirector; Chief Executive Officer2026-02-19, 110,000 shares at $1.41 $155K total
Palau Hernandez MargaritaDirector2026-02-18, 50,000 shares at $1.45 $73K total
Agadi Harshavardhan VDirector; Chief Executive Officer2026-02-18, 110,000 shares at $1.44 $158K total

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