US-headquartered accounting, tax and advisory practice SAX has acquired Scheidel, Sullivan & Lanni CPA (SSL) and Sierra Financial Advisors (Sierra) for an undisclosed sum. Under the deal, Sierra Financial Advisors, the company’s wealth management arm, has moved into SAX Wealth Advisors, a wholly owned subsidiary of SAX. The combination aims to expand SAX’s existing offering across tax, accounting, advisory and wealth management services. SSL offers long-standing experience and a partner-led service mod ...

Piper Sandler downgraded NYSE:CWAN from Overweight to Neutral, yet the stock surged 8.13% following an $8.4 billion take-private deal announcement.Clearwater Analytics boasts a strong gross margin of 68.43%, indicating efficient revenue conversion into profit.The trading volume spiked to 99 million shares on the announcement day, significantly higher than the average, showing increased investor interest.Clearwater Analytics (NYSE:CWAN) is a company that provides software-as-a-service (SaaS) solutions for in ...

Event‑driven traders are zeroing in on merger‑arbitrage spreads and deal risk around this $8.4 billion buyout, today, Dec. 22, 2025.NYSE : CWANClearwater AnalyticsToday's Change( 8.13 %) $ 1.81Current Price$ 24.06Key Data PointsMarket Cap$6.4BDay's Range$ 24.05 - $ 24.1552wk Range$ 15.73 - $ 32.00Volume99MAvg Vol5.8MGross Margin68.43 %Clearwater Analytics (CWAN +8.13%) shares closed Monday’s session at $24.06, up 8.13%. The SaaS solutions provider for investment data aggregation, reconciliation, accounting, ...

State Street Corporation (STT), headquartered in Boston, Massachusetts, provides a range of financial products and services to institutional investors worldwide. Valued at $35.6 billion by market cap, the company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services. The financial giant is expected to announce its fiscal fourth-quarter earnings for ...

Core Insights - Tensile Capital Management increased its investment in Clearwater Analytics by purchasing nearly 1.2 million shares, raising the position's value by approximately $15.7 million [2][3][7] - Clearwater Analytics' stock price is currently $21.71, down 27.5% over the past year, while the S&P 500 has increased by 13% in the same period [4] - Clearwater Analytics reported a market capitalization of $5.55 billion, with revenue of $640.4 million and net income of $392.5 million for the trailing twelve months [5] Investment Activity - Tensile Capital Management's total holding in Clearwater Analytics now stands at 2.5 million shares, valued at $45.5 million, representing 5.7% of the fund's $800.4 million in U.S. equity assets [3][7] - The fund's decision to increase its position indicates confidence in Clearwater's growth potential despite recent stock performance [11][12] Company Overview - Clearwater Analytics provides SaaS-based solutions for investment data aggregation, reconciliation, accounting, and reporting, serving a diverse client base including insurers, investment managers, and government entities [9][10] - The company has demonstrated strong operating momentum, with revenue up 77% year over year to $205.1 million and adjusted EBITDA up 84% to $70.7 million in the latest quarter [11][12] - Clearwater's annualized recurring revenue surged 77% to $807.5 million, with a gross revenue retention rate of 98%, indicating strong client loyalty and operational efficiency [12][13]

Group 1 - Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is identified as a stock with exponential growth potential heading into 2026, with a "Buy" rating and a price target of $27.00 from Morgan Stanley analyst Michael Infante [1] - The company is expected to see an increase in organic net new Annual Recurring Revenue (ARR) due to large deals and improved sales efficiency post-integration [1] - Clearwater Analytics continues to trade at an attractive valuation compared to competitors, benefiting from faster revenue growth and margin expansion [2] Group 2 - T. Rowe Price Associates, Inc. has successfully implemented the CWAN platform for stable value operations, enhancing its capabilities [3] - Clearwater Analytics provides software-as-a-service solutions for automated investment data aggregation, reconciliation, accounting, and reporting, and has recently acquired Enfusion, Beacon, and Bistro assets to broaden its product offerings [3] - The integration of these new assets is a key focus for Clearwater, although it is expected to have a dilutive impact on the company's financial profile, which led to an 18% drop in share price [3]

Core Insights - Resources Connection, Inc. (RGP) operates in the professional services sector, specifically within the Zacks Staffing Firms industry, providing consulting services in finance, accounting, and human resources [1] Financial Performance - RGP reported an earnings per share (EPS) of -$0.07 for the quarter ending in August 2025, which was better than the estimated EPS of -$0.15, indicating a significant improvement from the previous quarter [2][6] - The company's revenue for the same quarter was approximately $120.23 million, slightly exceeding the estimated revenue of $119.97 million, although it represents a decrease from $136.93 million reported in the same period last year [3][6] - RGP has consistently exceeded consensus revenue estimates in each of the last four quarters, with the latest revenue exceeding the Zacks Consensus Estimate by 1.19% [3] Valuation Metrics - RGP has a negative price-to-earnings (P/E) ratio of -0.85, while maintaining a price-to-sales ratio of 0.30, indicating that investors are paying 30 cents for every dollar of sales [4][6] - The enterprise value to sales ratio is 0.19, and the enterprise value to operating cash flow ratio is 5.51, reflecting the company's valuation relative to its revenue and operating cash flow [4] Financial Health - The company has a debt-to-equity ratio of 0.12, indicating a relatively low level of debt compared to equity, and a current ratio of 2.70, suggesting a strong ability to cover short-term liabilities with short-term assets [5][6] - RGP's financial metrics demonstrate resilience and potential for future growth despite challenges [5]

Market Overview - Most assets, including stocks and Treasuries, are currently stagnant, with gold, silver, crude oil, and Bitcoin trading slightly lower, while the dollar shows a minor increase [1] - Investors are awaiting the Federal Reserve's interest rate decision, with futures markets indicating a 25-basis point cut is fully priced in, and a 6% chance of a 50-basis point cut [2] Federal Reserve Meeting - The current Federal Reserve meeting is noted as unusual due to political influences, with President Trump advocating for a significant rate cut [3] - Fed Chairman Jay Powell and the committee are shifting focus from tariff-driven inflation to labor market weaknesses [4] Mortgage Rates and Refinancing - The 30-year mortgage rates have decreased, recently falling below 6.4%, which has led to a surge in refinancing applications, reaching the highest level since early 2022 according to the Mortgage Bankers Association [4] Company News: Workday Inc. - Workday Inc. shares are experiencing a surge following an activist investment from Elliott Management, which has acquired a $2 billion stake and aims to enhance the company's value [6] - Workday announced a $5 billion stock buyback plan over the next two years and disclosed the acquisition of AI-focused firm Sana for $1.1 billion [6]

Core Insights - TimesSquare Capital Management reported a gross return of 11.28% and a net return of 11.02% for its "U.S. Small Cap Growth Strategy" in Q2 2025, underperforming the Russell 2000 Growth Index which returned 11.97% [1] - Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is highlighted as a key stock, with a one-month return of 3.43% but a 52-week decline of 17.12%, closing at $19.90 per share with a market cap of $6.48 billion [2][4] Company Performance - Clearwater Analytics reported revenue of $181.9 million in Q2 2025, marking a 70% year-over-year increase [4] - The company has made acquisitions of Enfusion, Beacon, and Bistro assets to enhance its product offerings, although this has led to a short-term dilutive impact on its financial profile, contributing to an 18% drop in share value [3] Investment Sentiment - Clearwater Analytics is not among the top 30 most popular stocks among hedge funds, with 51 hedge fund portfolios holding the stock at the end of Q2 2025, up from 41 in the previous quarter [4] - Analysts suggest that while Clearwater Analytics has potential, certain AI stocks may offer greater upside potential with less downside risk [4]