Investors focused on the Business Services space have likely heard of Conduent (CNDT), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CNDT and the rest of the Business Services group's stocks.Conduent is a member of our Business Services group, which includes 244 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CNDT is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CNDT's full-year earnings has moved 7.81% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, CNDT has returned 43.75% so far this year. Meanwhile, the Business Services sector has returned an average of -17.47% on a year-to-date basis. This means that Conduent is performing better than its sector in terms of year-to-date returns.Breaking things down more, CNDT is a member of the Outsourcing industry, which includes 13 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 15.82% so far this year, so CNDT is performing better in this area.CNDT will likely be looking to continue its solid performance, so investors interested in Business Services stocks should continue to pay close attention to the company. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Conduent Inc. (CNDT): Free Stock Analysis Report To read this article on Zacks.com click here.