Cannae Holdings, Inc. Announces Second Quarter 2023 Financial Results

$ALIT
$CDAY
$CNNE
$DNB
Business Services
Consumer Discretionary
EDP Services
Technology
Get the next $ALIT alert in real time by email

~ Quarterly results call scheduled for 5:00pm ET ~

Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") has released its second quarter 2023 financial results by posting them to its website. Please visit the Cannae website at www.cannaeholdings.com to view the second quarter 2023 financial results, which are included in its Letter to Shareholders.

Conference Call

As previously announced, Cannae will host a conference call, today, August 9, 2023 at 5:00pm (Eastern Time), to discuss its second quarter 2023 results. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Second Quarter 2023 Financial Results Call. A telephonic replay will be available at the conclusion of the call and can be accessed by dialing 1-844-512-2921, or for international callers 1-412-317-6671, and providing the access code 10180460. The telephonic replay will be available until 11:59 pm (Eastern Time) on August 16, 2023.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at www.cannaeholdings.com. The online replay will remain available for a limited time beginning immediately following the call.

About Cannae Holdings, Inc.

We primarily acquire interests in operating companies and are engaged in actively managing and operating a core group of those companies. We are a long-term owner that secures control and governance rights of other companies primarily to engage in their lines of business and we have no preset time constraints dictating when we sell or dispose of our businesses. We believe that our long-term ownership and active involvement in the management and operations of companies helps maximize the value of those businesses for our shareholders. Cannae's current operating interests include Dun & Bradstreet Holdings, Inc. (NYSE:DNB), in which Cannae holds 79 Million shares or 18% interest, and Alight, Inc. (NYSE:ALIT), in which Cannae owns 52.5 Million shares representing a 10% interest. Cannae also holds 5 Million shares, or 3%, of Ceridian HCM Holdings, Inc. (NYSE:CDAY), 27 Million shares, or 24%, of System1, Inc. (NYSE:SST), and 3.4 Million shares, or 6% of Paysafe Limited (NYSE:PSFE). Cannae's other principal operating holdings include Sightline Payments, of which Cannae owns 32%, Computer Services, Inc., of which Cannae owns 9% and Black Knight Football & Entertainment, LP, of which Cannae owns approximately 50%.

Get the next $ALIT alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ALIT
$CDAY
$CNNE
$DNB

CompanyDatePrice TargetRatingAnalyst
8/20/2024$8.00Overweight → Neutral
JP Morgan
1/17/2024$19.00Buy
BTIG Research
1/10/2024$75.00Buy
Stifel
1/5/2024$18.00Outperform → Strong Buy
Raymond James
1/5/2024$12.00Buy
Citigroup
12/6/2023$12.00Buy
Canaccord Genuity
11/30/2023$11.00Hold
Jefferies
11/7/2023$87.00Buy
UBS
More analyst ratings

$ALIT
$CDAY
$CNNE
$DNB
Press Releases

Fastest customizable press release news feed in the world

See more
  • Cannae Holdings, Inc. Announces Support for Dun & Bradstreet Sale Transaction, An Increase in Share Buyback Authorization and a Transition to a Declassified Board

    ~ Dun & Bradstreet Sale Will Provide ~$632 Million of Cash Proceeds to Cannae ~ ~ Cannae Increases Share Buyback Authorization to 23 Million Shares and Reiterates Priority for Capital Return to Shareholders~ ~ Cannae Board to Transition to a Declassified Board ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced its support for the sale of Dun & Bradstreet ("DNB"), increased its share buyback authorization to approximately 23 million shares, and plans to transition to a declassified board with annual elections. William P. Foley, II, CEO and Chairman of Cannae, commented, "I would like to congratulate the DNB Board of Directors and management team on their rece

    $CNNE
    Restaurants
    Consumer Discretionary
  • Dun & Bradstreet Enters Into a Definitive Agreement To Be Acquired by Clearlake Capital Group

    Dun & Bradstreet Shareholders to Receive $9.15 per Share in Cash Transaction Valued at $7.7 Billion Clearlake Capital Group, L.P., (together with certain of its affiliates, "Clearlake"), today announced that it has entered into a definitive agreement to acquire Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet") (NYSE:DNB), a leading global provider of business decisioning data and analytics, in a transaction valued at $7.7 billion, including outstanding debt / with an equity value of $4.1 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250324849048/en/ Under the terms of the agreement, which has been unanimously appro

    $DNB
    Finance: Consumer Services
    Finance
  • Alight Introduces Mid-Term Targets at Investor Day

    Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today hosted an investor day. During the event, Alight's executives presented the Company's strategy and issued mid-term financial targets. In addition, the Company hosted panels with Alight clients and third-party evaluators. Clients discussed how they work with the Company to care for the wellbeing of their employees to keep them financially secure and healthy and third-party evaluators discussed market trends and evolving client needs. "Alight is uniquely positioned within the large and growing benefits industry, and at today's investor day our team shared the strategy to drive long-t

    $ALIT
    Business Services
    Consumer Discretionary

$ALIT
$CDAY
$CNNE
$DNB
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$ALIT
$CDAY
$CNNE
$DNB
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$ALIT
$CDAY
$CNNE
$DNB
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$ALIT
$CDAY
$CNNE
$DNB
Leadership Updates

Live Leadership Updates

See more
  • Alight Announces Board Leadership Transition

    — William P. Foley, II, to step down as Chairman, will continue to serve as board member — — Industry-veteran Russell P. Fradin appointed Chairman of the Board — — Robert Schriesheim, Robert Lopes, Jr. and Mike Hayes named to Board of Directors — Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors (the "Board") appointed Russell (Russ) P. Fradin as its Chairman of the Board of Directors, succeeding William P. Foley, II, who will continue to serve as a board member, effective March 1, 2025. In addition, Robert (Rob) Schriesheim, Robert (Bob) Lopes, Jr., and Mike Hayes have been appointed to th

    $ALIT
    Business Services
    Consumer Discretionary
  • Paysafe Appoints Marianne Heiss as Non-Executive Director

    Former CEO of BBDO Group Germany brings wide experience in finance, auditing, and brand building to Paysafe Board Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that it has appointed Marianne Heiss as a new independent non-executive board director and member of the Audit Committee effective today. Heiss joins as an additional member of the board, which is led by chairman Dan Henson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924921648/en/Paysafe Appoints Marianne Heiss as Non-Executive Director (Photo: Business Wire) Heiss brings a wealth of experience in finance, ac

    $PSFE
    Business Services
    Consumer Discretionary
  • Paysafe Announces Finance Leadership Transition

    Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th, and will step down as Chief Financial Officer. Alex will remain with Paysafe in his new role for an undefined period, but at least through the end of the year. John Crawford joins Paysafe as Alex's successor, effective immediately, and will be based in the company's North American headquarters located in Jacksonville, Florida. "Looking to the future, Paysafe is entering a different chapter of growth where we will focus on scaling the business and ensuring that we can capitalize on opp

    $PSFE
    Business Services
    Consumer Discretionary

$ALIT
$CDAY
$CNNE
$DNB
Financials

Live finance-specific insights

See more
  • Cannae Holdings, Inc. Responds to Carronade Capital and Affirms the Board of Directors' and Management's Focus on Driving Long-Term Value Creation

    Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today issued a response to Carronade Capital's recent statement and director nomination notice. The Company also highlighted the significant actions already taken to position the Company for long-term value creation. In February 2024, Cannae began taking decisive action, with a sharp eye towards improving and monetizing its investment holdings, returning capital to shareholders, and reducing operational expenses. These steps aim to grow the net asset value ("NAV") of our portfolio and close Cannae's share price discount to NAV. At that time, the Cannae Board appointed William P. Foley, II, as Chief Executive Officer to execute o

    $CNNE
    Restaurants
    Consumer Discretionary
  • System1 Announces Fourth Quarter and Full Year 2024 Financial Results

    Fourth Quarter Financial Highlights: Revenue Decreased 21% Over Prior Year to $75.6 million Gross Profit Increased 28% Over Prior Year to $31.8 million Adjusted Gross Profit Increased 19% Over Prior Year to $44.7 million GAAP Net Loss Decreased 29% Over Prior Year to $18.0 million Adjusted EBITDA Increased 79% Over Prior Year to $17.9 million Fiscal Year 2024 Results: Revenue Decreased 14% Over Prior Year to $343.9 million Gross Profit Decreased 2% Over Prior Year to 101.3 million Adjusted Gross Profit Decreased 1% Over Prior Year to $152.3 million GAAP Net Loss Decreased 13% Over Prior Year to $97.3 million Adjusted EBITDA Increased 32% Over Prior Year to $38.6 millio

    $SST
    Computer Software: Programming Data Processing
    Technology
  • Paysafe Reports Fourth Quarter and Full Year 2024 Results

    Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the fourth quarter and full year of 2024. The Company also announced that on February 28, Paysafe closed on its previously announced agreement to sell its direct marketing payment processing business line ("the disposed business"). For additional information, please see the Company's press release on February 11, along with the supplemental materials to this earnings release, available on the investor relations section of Paysafe's website. Fourth Quarter 2024 Financial Highlights (Metrics compared to fourth quarter of 2023, unless otherwise noted) Revenue of

    $PSFE
    Business Services
    Consumer Discretionary

$ALIT
$CDAY
$CNNE
$DNB
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more