other material
confidence high
sentiment neutral
materiality 0.65
Cannae repurchases 3.1M shares for $62M; System1 raises going-concern doubt
Cannae Holdings, Inc.
- From May–July 2023, Cannae repurchased 3.1M shares at avg $19.72, returning $62M to shareholders.
- System1 disclosed substantial doubt about going concern; a Cannae designee resigned from System1's board.
- Dun & Bradstreet Q2 rev $555M (+3.9% organic CCY), adj. EBITDA $206M (37.2% margin).
- Alight Q2 rev $806M (+13% YoY), adj. EBITDA $157M (+10.6%); >90% of 2023 revenue under contract.
- Ceridian raised FY23 guidance; Q2 total rev $365.9M (+21.5%), Dayforce recurring rev +38%.