Friday 6/20 Insider Buying Report: CNDT, MMS

Conduent (CNDT) saw insider buying this week, with Director Harshavardhan V. Agadi purchasing 100,000 shares for $281,000; the stock is currently trading 7.1% below Agadi's purchase price, and is up 1.7% on the day. Additionally, Raymond B. Ruddy bought $99,962 worth of MAXIMUS (MMS) shares, with MMS currently trading 3.5% below Ruddy's purchase price and is down 2.7% on the day.

Analysis

Significant insider buying activity was reported at Conduent (CNDT) and MAXIMUS (MMS), signaling confidence from corporate directors. At Conduent, Director Harshavardhan V. Agadi executed a substantial purchase of 100,000 shares for $281,000, at an average price of $2.81 per share. Notably, the stock has since traded as low as $2.61, representing a 7.1% discount to the director's entry point, even as the stock closed up 1.7% on Friday. At MAXIMUS, Director Raymond B. Ruddy acquired $99,962 worth of stock at $69.66 per share, marking his second purchase in the past year. Similar to Conduent, MAXIMUS shares became available at a 3.5% discount to Ruddy's purchase price, although the stock traded down 2.7% on the day. These transactions, particularly the ability for the public to purchase shares at lower prices than insiders, are strong indicators that internal leadership may view current valuations as attractive.

Key Decisions for Investors

• The insider purchases at both Conduent and MAXIMUS are bullish signals, suggesting that corporate leadership at each firm believes current share prices are undervalued.
• Investors should consider the opportunity to acquire shares in both companies at a discount to the prices paid by insiders, specifically a 7.1% discount for CNDT and a 3.5% discount for MMS.
• Given CNDT's positive daily price movement versus MMS's decline, investors might prioritize further analysis on Conduent, as the market appears to be reacting more favorably to its insider signal.