Cannae Holdings, Inc. (CNNE)

Several events have impacted Cannae Holdings, Inc.'s stock price in the past six months. Executive management succession and strategic actions were announced, including an expansion of its strategic relationship with JANA Partners. Black Knight Football Club acquired a majority interest in Moreirense Futebol Clube. The closing of the Dun & Bradstreet sale generated $630 million in proceeds for Cannae. Second Quarter 2025 Financial Results were announced, followed by a 25% increase in its quarterly cash dividend. A director of Cannae Holdings sold 40% of their shares, and Frank Martire sold shares, while Carronade Capital Management, LP and Dennis Prieto bought shares. Cannae Holdings went ex-dividend on September 16, 2025, with a $0.15 USD dividend per share. Activist investor Carronade Capital Management announced plans to launch a proxy fight. Third-quarter results for restaurants could be challenging, with hints of tough restaurant foot traffic.

Information specifically detailing demand seasonality for all of Cannae Holdings, Inc.'s diverse products and services is limited. However, its Restaurant Group segment can experience seasonality typical of the restaurant industry, with recent news suggesting potential challenges in the third quarter. Other segments, such as technology-enabled healthcare services and financial services, generally tend to be less susceptible to pronounced seasonal fluctuations.

Cannae Holdings, Inc. is a diversified holding company focused on acquiring and managing interests in various operating companies to maximize asset value, operating in sectors like technology-enabled healthcare, financial services, and restaurants. Its reportable segments include the Restaurant Group, Dun & Bradstreet, Alight, Black Knight Football and Entertainment (BKFE), and Corporate and Other. The company's major products and investments include restaurant operations, business decisioning data and analytics, cloud-based digital human capital and business solutions, a global network of football clubs, a specialized payments platform, fintech and cybersecurity solutions, a digital payments provider for the sports betting and casino gaming market, a responsive acquisition marketing platform, a flavoring products business, and an estate distillery.

Cannae Holdings Inc. is headquartered in Las Vegas, Nevada, and primarily operates across the United States. Its Restaurant Group has a presence in the Southeast, Midwest, and Northeast regions of the U.S. Through its Black Knight Football and Entertainment segment, Cannae has investments in football clubs located in England, Portugal, France, Scotland, and the A-League (Australia/New Zealand). Computer Services, Inc. serves financial institutions and corporate customers both domestically and internationally.

Cannae Holdings' brand reputation has been significantly influenced by an ongoing proxy fight initiated by activist investor Carronade Capital Management, raising concerns about corporate governance and company performance. The substantial compensation of William P. Foley II in 2024 could also be a factor impacting public perception and shareholder sentiment. Cannae Holdings has responded by highlighting its strategic plan to drive long-term value creation.

Cannae Holdings is predominantly owned by institutional shareholders (approximately 91.62%) and insiders (approximately 23.31%), with a negligible percentage held by retail investors. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Fidelity National Financial Inc. is the largest individual shareholder, and William P. Foley II holds a significant stake and serves as Chairman of the Board. Management and directors collectively own 13.4% of the outstanding shares.