LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company has agreed to wind down its Management Services Agreement (“MSA”) with Trasimene Capital Management, LLC (“Trasimene”). Effective July 2, 2024, the MSA will be amended and restated to provide that Trasimene will receive a fixed management fee of $7.6 million for each of the following three years, and a $20 million termination fee, payable in three annual installments commencing on Jul ...

Shares of Cannae Holdings, Inc. (CNNE) have gained 6.5% over the past four weeks to close the last trading session at $21.84, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $27.33 indicates a potential upside of 25.1%.The mean estimate comprises three short-term price targets with a standard deviation of $2.52. While the lowest estimate of $25 indicates a 14.5% increase from th ...

业绩总结 - Cannae第四季度和2023年全年财务业绩电话会议于2024年2月21日下午5:00 ET举行[1] - DNB的货币不变增长率从上一季度的4.8%加速至5.1%[27] - Alight的营收增长为1.9%，调整后的EBITDA增长了12%[27] 用户数据 - Cannae已经回购了其流通股的约24%，回购了超过5.1亿美元的资本[11] - Cannae还有1260万股的回购授权[12] - Alight自2021年以来的BPaaS总合同价值达到22亿美元，超过了他们设定的15亿美元的三年目标[27] 未来展望 - Cannae计划加速股票回购计划，以更快地回购更多股票[40] - Cannae将使用手头现金和可能的贷款来资助股票回购计划[42] - 公司将更加专注于私人投资，认为这样更有效利用了公司的永久资本[52] 新产品和新技术研发 - Cannae计划通过荷兰式招标收购2亿美元的公司普通股[10] - Trasimene的费用将由于Rick Massey转任副董事长一职而减少约16%[29] 市场扩张和并购 - Cannae宣布与Jana Partners合作，以现金和股票的形式收购了Jana的少数股权[15] - Cannae通过与Jana合作，寻找新的控股机会，以及提高Jana平台的价值，以缩小股价与净资产值之间的差距[16] - 公司在多俱乐部战略上的投资，包括在苏格兰和法国的足球俱乐部，以及对这种战略的战略和财务优势的解释[55] 负面信息 - Cannae的未偿债务目前约为6000万美元，利率为7%[34] 其他新策略和有价值的信息 - Cannae通过与CSI的投资获得了3700万美元的现金分配，而其持续头寸的暗示价值为原始投资的104%[23] - Cannae的总资产净值为24.3亿美元，每股33.61美元[32] - Cannae的流动性强，公司现金和短期投资净额为1.49亿美元[33] - 公司的公共公司投资大多是由私人资产转变而来，如Dun & Bradstreet、Alight、Ceridian等[53]

LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced a strategic partnership with JANA Partners (“JANA”), an investment firm focused on creating value through shareholder engagement. The strategic partnership will help Cannae drive shareholder value by sourcing new control acquisitions and similar strategic opportunities and will enhance returns for JANA’s investors by expanding JANA’s industry operator network and providing an M&A catalyst when it may m ...

业绩总结 - Cannae Holdings, Inc.宣布了2023年第四季度的财务业绩，但未提供具体的数字和百分比[3] - 2023年第四季度，Cannae Holdings, Inc.发布了财务业绩的新闻稿[3] - Bryan D. Coy在2024年2月21日签署了该报告[4]

财务数据和关键指标变化 - 公司2023年第三季度收入增长5.8%,扣除汇率影响 [14] - 公司毛利率有所提升 [14] - 公司债务水平较高,需要考虑减负策略 [14] 各条业务线数据和关键指标变化 - Alight业务线收入增长8.4%,BPaaS业务增长26%,EBITDA利润率提升175个基点至近20% [11] - Ceridian业务继续保持强劲表现 [15] - D&B业务收入增长5.8%,但估值仍处于较大折价 [14] 各个市场数据和关键指标变化 - 无相关内容 公司战略和发展方向及行业竞争 - 公司目前主要战略是通过大规模回购自身股票来提升股东价值 [9][10] - 公司暂无新的投资计划,而是专注于现有投资组合的优化 [24][25] - 公司正在考虑通过出售一些估值较低的资产来获得现金,为股票回购提供资金 [25] 管理层对经营环境和未来前景的评论 - 管理层认为公司自身股票是最佳投资,未来将继续大规模回购 [9][10] - 管理层对Alight、Ceridian和D&B等主要投资组合公司的表现持乐观态度 [11][14][15] - 管理层对餐饮业务的前景持谨慎态度,正在寻求出售机会 [27][28][32] 问答环节重要的提问和回答 问题1 **Ian Zaffino 提问** 是否考虑进行新的投资,或者出售D&B等持股较大的资产 [23] **Richard Massey 回答** 公司目前没有新的投资计划,而是专注于通过回购自身股票来提升价值。对于持股较大的资产,公司正在考虑通过出售一些估值较低的资产来获得现金 [24][25] 问题2 **Kenneth Lee 提问** 关于System1和Sightline的估值减记情况 [35][39] **Bryan Coy 回答** System1的估值减记是由于其股价长期低于账面价值,Sightline的估值减记是由于其业务发展低于预期,公司聘请第三方评估后做出相应调整 [36][40] 问题3 **John Campbell 提问** Bournemouth足球俱乐部的经营情况如何 [49] **Ryan Caswell 回答** Bournemouth的商业收入增长30%,包括票务、hospitality和赞助收入的增长,公司正在积极优化俱乐部的经营 [50][51]

CANNAE HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) Equity: Cannae common stock, 0.0001 par value; authorized 115,000,000 shares as of September 30, 2023 and December 31, 2022; issued of 92,841,242 and 92,583,280 shares as of September 30, 2023 and December 31, 2022, respectively and outstanding of 70,761,454 and 76,254,972 shares as of September 30, 2023 and December 31, 2022, respectively — — See Notes to Condensed Consolidated Financial Statements Table of Contents 2 ___ ...

improve the overall, both of the overall teams again, kind of move up the table, and which will both help from a revenue and a brand side as well as basically make the commercial operations better to generate more dollars that we're not being picked up before. Rick Massey Rick Massey That does conclude our conference for today. Thank you for attending today's presentation. You may now disconnect. Cannae Holdings, Inc. (NYSE:CNNE) Q2 2023 Results Conference Call August 9, 2023 5:00 PM ET Rory Rumore - Solebu ...

Table of Contents Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 9, 2023 CANNAE HOLDINGS, INC. (registrant) 32 14 Table of Contents CANNAE HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — continued interest in the tables above. We account for Paysafe using the equity method of accounting, and therefore, its results ...

Kenneth Lee Cannae Holdings, Inc. (NYSE:CNNE) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Rory Rumore - Investor Relations, Solebury Strategic Communications Bryan Coy - Chief Financial Officer Ian Zaffino - Oppenheimer Kenneth Lee - RBC Capital Markets Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. First Quarter 2023 Financial Results Conference Call. During today's presentation, all parties will be in listen-only mode. Following the company's brief prepared rema ...