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 ...

Cannae Holdings, Inc. (NYSE:CNNE) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Jamie Lillis - Managing Director, Solebury Strategic Communications William Foley - Chairman and Chief Executive Officer Ryan Caswell - President Bryan Coy - Chief Financial Officer Conference Call Participants Kenneth Lee - RBC Capital Markets Jonathan Bass - Stephens Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings Incorporated Fourth Quarter and Full Year 2 ...

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 ...

TM Fourth Quarter 2023 Update This communication contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as t ...

Cannae Holdings, Inc. (NYSE:CNNE) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Jamie Lillis - Solebury Communications Richard Massey - CEO & Director Bryan Coy - CFO Ryan Caswell - President Conference Call Participants Ian Zaffino - Oppenheimer Kenneth Lee - RBC Capital Markets John Campbell - Stephens Inc. Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings Inc. Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] ...

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 ___ ...

Financial Data and Key Metrics Changes - The company repurchased 3.1 million shares from May through July, representing about 4% of the company, indicating a strong buyback strategy [7][34] - Alight reported a revenue growth of 12.7% year-over-year, a significant increase from the previous 2% growth, showcasing operational improvement [35] Business Line Data and Key Metrics Changes - The non-BPaaS segment of the business is growing at mid-single digits with a 100% customer retention rate, indicating stability and reliability in revenue generation [16] Market Data and Key Metrics Changes - Dun & Bradstreet showed a growth rate of about 4%, despite facing headwinds, and is considered undervalued at 9.5 times 2023 EBITDA compared to peers [8] - Ceridian (CDAY) reported a revenue increase of approximately 26.5% to 27%, reflecting strong market performance [36] Company Strategy and Development Direction - The company is focusing on share repurchases as the best use of capital, especially given the current trading discount of approximately 45% [19][30] - Management emphasized the importance of improving commercial operations and revenue generation through strategic investments and operational enhancements [7][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential of portfolio companies, despite some being undervalued compared to peers [15][17] - There is a recognition of slower-than-expected product rollout and customer uptake in certain segments, indicating areas for improvement [23] Other Important Information - The company has not engaged in any sales or acquisitions of portfolio companies recently, focusing instead on maximizing value within existing investments [15] - The SEC classification issue regarding the Investment Company Act of 1940 was addressed, with management asserting their active role in portfolio management [39][25] Q&A Session Summary Question: What are the latest thoughts around capital allocation? - Management indicated that the best use of capital is currently in share repurchases due to significant discounts in share price [19] Question: Can you provide details on the buyback activity? - The majority of the 3.1 million shares were repurchased in the second quarter, with minimal activity in July due to blackout periods [22] Question: What is the status of the monetization timeline for the site line? - The rollout has been slower than planned, with modifications needed and customer uptake lagging behind expectations [23] Question: Can you clarify the SEC classification issue? - Management clarified that they are not a passive investor and have actively engaged with portfolio companies, which is inconsistent with the Investment Company Act classification [39][25]

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 ...

Cannae Holdings, Inc. (NYSE:CNNE) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Rory Rumore - Investor Relations, Solebury Strategic Communications Rick Massey - Chief Executive Officer Ryan Caswell - President Bryan Coy - Chief Financial Officer Conference Call Participants Ian Zaffino - Oppenheimer John Campbell - Stephens, Inc. Chris Sakai - Singular Research Kenneth Lee - RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, ...