Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE – Get Rating) by 17.3% in the 4th quarter, HoldingsChannel reports. The firm owned 29,897 shares of the company’s stock after selling 6,270 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cannae were worth $617,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. First Bank & Trust grew its holdings in shares of Cannae by 3.5% during the fourth quarter. First Bank & Trust now owns 13,388 shares of the company’s stock worth $277,000 after buying an additional 447 shares in the last quarter. Signaturefd LLC grew its stake in Cannae by 35.7% in the 3rd quarter. Signaturefd LLC now owns 1,786 shares of the company’s stock worth $37,000 after acquiring an additional 470 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cannae by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,519 shares of the company’s stock valued at $259,000 after acquiring an additional 604 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Cannae by 145.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,217 shares of the company’s stock valued at $25,000 after acquiring an additional 722 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of Cannae by 66.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the company’s stock worth $63,000 after purchasing an additional 1,050 shares during the period. 86.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cannae

In other news, CEO Richard N. Massey bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $18.01 per share, with a total value of $900,500.00. Following the transaction, the chief executive officer now owns 377,417 shares of the company’s stock, valued at approximately $6,797,280.17. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Cannae Trading Up 1.6 %

Shares of CNNE stock opened at $19.45 on Friday. The firm’s 50-day simple moving average is $18.90 and its 200-day simple moving average is $21.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 2.53. Cannae Holdings, Inc. has a 1-year low of $17.11 and a 1-year high of $25.74. The firm has a market cap of $1.49 billion, a P/E ratio of -9.00 and a beta of 0.87.

Cannae (NYSE:CNNE – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.30) by $0.65. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $170.00 million. Cannae had a negative net margin of 28.44% and a negative return on equity of 0.14%. As a group, equities analysts forecast that Cannae Holdings, Inc. will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price objective on Cannae from $32.00 to $28.00 in a research report on Thursday, May 11th.

Cannae Profile

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Cannae Holdings, Inc engages in the management and operation of a group of companies and investments. It operates through the following segments: Dun & Bradstreet, Optimal Blue, Restaurant Group, and Corporate and Other. The Dun & Bradstreet segment offers business decision data and analytics. The Optimal Blue segment is involved in secondary market solutions and actionable data services.