Conduent Incorporated remains a notable stock pick in Bill Miller’s portfolio despite significant share price declines and a massive data breach affecting 25 million Americans in 2025.
Key Points
- Conduent shares have dropped 44% over the past year and 20% year-to-date.
- A major data breach, first reported in October 2025, compromised the social security numbers and health data of 25 million individuals.
- The company announced the sale of its tolling business to a Canadian firm for $70 million on June 30, 2026.
- Management intends to use the divestiture to simplify operations and focus on the company's core business segments.