|Day's range||138.60 - 140.12|
|52-week range||105.35 - 140.12|
|PE ratio (TTM)||27.58|
|Dividend & yield||1.44 (1.03%)|
|1y target est||N/A|
Thesis Conduent (CNDT) is a recent spin-off from Xerox (XRX) in the business processing outsourcing (BPO) industry. All of this is backstopped by Carl Icahn’s three board seats and 10% stake, Affiliated Computer Services (ACS)/Conduent founder and second-largest shareholder Darwin Deason’s 6% stake, and a potential acquisition as the BPO industry consolidates. There are many ways to be right with Conduent, and the discounted valuation and countercyclical business model provides a healthy margin of safety to unforeseen macro-driven risk off market pressure.
Aon plc (AON) is a London-based leading insurance brokerage firm, which offers risk management services, human resource consulting and outsourcing services across the globe.
British pensions consultants got a brief stay of execution from a competition review on Wednesday but are still likely to face a probe later this year after the country's financial watchdog rejected their defence. The Financial Conduct Authority proposed sweeping changes to the asset management sector in order to improve transparency and value for money for customers, including around fee disclosures and fund governance. In a toughly worded interim update in November, the FCA had raised the prospect of referring the consultants, which advise on 3 trillion pounds ($3.85 trillion) of investments for pension schemes and others, to the Competitions and Markets Authority, citing concerns around conflicts of interest and opaque fees.