Business Archives - Page 2 of 44

DLH Holdings (DLHC) – A New DLH Emerging

Posted on July 31, 2026July 31, 2026 by [email protected]

Friday, July 31, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

3QFY26 Results. Revenue for the fiscal third quarter of 2026 totaled $44.2 million, down from $83.3 million in 3Q25 and below our $50 million estimate. Gross margin of 16.7% fell from 19.1% last year and was below our 20% projection. Partly reflecting one-time charges, DLH reported a net loss of $16.8 million, or $1.16/sh, versus net income of $289,000, or $0.02/sh last year. Third quarter adjusted EBITDA came in at $3.4 million, or 7.6% of revenue, down from $8.1 million and 9.7% last year. Notably, the final CMOP contracts transitioned during the quarter.

Operating Environment. Organic growth continues to be the number one corporate priority. Organic growth will come from two sources: on-contract growth and new awards. We believe on-contract growth will drive near-term growth. Management has a number of contracts with clients that can be expanded. In terms of new business, the government procurement markets have demonstrated improved clarity and stability in recent months, marking a significant improvement in the contracting environment when compared to fiscal 2025 and earlier in 2026.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

ACCO Brands (ACCO) – First Look at 2Q26 Results

Posted on July 31, 2026July 31, 2026 by [email protected]

Friday, July 31, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overview. ACCO delivered a strong second quarter, with sales and adjusted EPS exceeding both prior-year results and our estimates. In the Americas segment, sales benefited from strong back-to-school sell-in and better-than-expected performance in Mexico. The International segment faced market softness and shipment disruptions from a planned systems upgrade at ACCO’s largest distribution center in EMEA, which is now complete.

2Q26 Results. Second quarter net sales increased 5.1% to $415.1 million from $394.8 million in 2025. The increase reflected 5.7% from the EPOS acquisition and 1.7% from favorable foreign exchange. Comparable sales declined 2.3% as growth in the Americas segment’s learning and creative category was more than offset by softness in the International segment and technology peripherals globally. Net income was $14.1 million, or $0.15/sh, compared with $29.2 million, or $0.31/sh, in 2025. Adjusted net income increased to $27.4 million from $25.8 million in 2025, and adjusted EPS rose to $0.29 from $0.28 in 2025.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Grant Thornton Just Paid a 54% Premium to Buy CBIZ. It Is the Biggest Accounting Deal in 25 Years

Posted on July 29, 2026July 29, 2026 by [email protected]

Grant Thornton Advisors announced Wednesday it has entered into a definitive agreement to acquire CBIZ (NYSE: CBZ), a professional services firm listed on the New York Stock Exchange, in an all-cash transaction with an enterprise value of $5 billion. Under the terms of the deal, CBIZ shareholders will receive $55.00 per share, representing a 54% premium to the company’s 30-day volume-weighted average price and roughly an 18% premium to CBIZ’s most recent closing price. The transaction is described as the largest of its kind in more than 25 years.

The deal is backed by New Mountain Capital, which previously led a May 2024 investment in Grant Thornton Advisors and has now committed $5.2 billion in financing to support this acquisition as well. CBIZ’s board unanimously approved the transaction and is recommending shareholders vote in favor of it. Closing is targeted for the fourth quarter of 2026, subject to shareholder and regulatory approval.

A Genuine Industry Heavyweight

The combination reshapes the upper tier of the professional services industry. CBIZ currently ranks No. 8 on Accounting Today’s 2026 Top 100 Firms list with $2.8 billion in revenue, while Grant Thornton sits at No. 9 with $2.5 billion. Once combined, the merged firm is expected to become the fifth-largest professional services provider in the United States, generating more than $5 billion in domestic revenue and nearly $7.5 billion globally, operating across more than 20 countries with a workforce exceeding 34,500 professionals.

CBIZ President and CEO Jerry Grisko called it a historic combination with a strong cultural and strategic fit, framing the deal as one that creates new opportunity for employees while delivering significant value to shareholders.

What the Deal Is Actually Built Around

The stated strategic rationale centers on three areas: expanding Grant Thornton’s AI-enabled service delivery capabilities, growing its multinational footprint, and deepening industry specialization across both firms’ combined client base. As part of the restructuring, CBIZ’s Benefits and Insurance Services segment will be spun off as an independent, growth-oriented company, a signal that the combined entity intends to sharpen its focus on core advisory, tax, and accounting services rather than retain every existing business line.

The deal includes a go-shop period running through August 27, 2026, during which CBIZ may solicit superior competing proposals, alongside standard no-shop and termination provisions once that window closes. CBIZ’s board also adopted change-in-control severance, retention, and transaction bonus programs the same day the deal was announced, a customary step designed to retain key personnel through the transition.

The Numbers Behind the Timing

The announcement landed alongside CBIZ’s own second quarter results. For the first half of 2026, the company reported revenue of $1.53 billion, up modestly year over year, with net income rising 4.1% to $171.4 million and adjusted diluted earnings per share increasing 3.6% to $3.44. CBIZ also repurchased approximately 2.5 million shares for roughly $70 million during the period, while reducing net leverage to 3.4 times, down from the prior year.

Why This Matters Beyond Accounting

For investors tracking consolidation trends across professional and business services, this deal reinforces a pattern playing out broadly this year. Private equity-backed platforms are aggressively pursuing scale in fragmented service industries, betting that combining AI capability, specialized talent, and multinational reach creates durable competitive advantages that smaller, standalone firms increasingly struggle to match on their own.

Resources Connection (RGP) – Reports 4Q26 Results In-line with Expectations

Posted on July 24, 2026July 24, 2026 by [email protected]

Friday, July 24, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overview. Resources Connection’s 4Q26 results were mostly in line with management expectations. Overall industry conditions were consistent with 3Q26, suggesting the market is stabilizing. During the quarter, RGP continued to make focused investments to support future growth, which we are hopeful will occur in 2HFY27.

4Q26 Details. Revenue of $106.1 million was down 18.3% on a constant currency basis y-o-y but was within management’s $104-$109 guide. 4Q26 also had one less week of billable activity compared to 4Q25. Gross margin of 37.6% was down from 40.2% y-o-y but exceeded the top end of management’s guide. Adjusted EPS was a net loss of $0.07 compared to EPS of $0.16 in 4Q25.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Release – Kelly Announces Second-Quarter 2026 Conference Call

Posted on July 23, 2026July 23, 2026 by [email protected]

Research News and Market Data on KELYA

July 23, 2026

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TROY, Mich., July 23, 2026 (GLOBE NEWSWIRE) — Kelly, a global workforce strategy and solutions provider, will release its second-quarter earnings before the market opens on Thursday, August 6, 2026. In conjunction with its earnings release, Kelly will publish a financial presentation and host a live webcast of a conference call with financial analysts at 9 a.m. ET on August 6 to review the results from the quarter and answer questions.

The presentation and a link to the live webcast will be accessible through the Company’s public website on the Investor Relations page under Events & Presentations. The webcast will be recorded, and a replay will be available within one hour of completion of the event through the same link as the live webcast.

About Kelly

Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners around the world, we connect approximately 375,000 people with work every year. Our suite of outsourcing and consulting services and solutions ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Revenue in 2025 was $4.3 billion. Learn more at kellyservices.com.

KLYA-FIN

Analyst & Media Contacts:
Scott Thomas
(248) 251-7264
[email protected]

Release – Resources Connection to Announce Fourth Quarter and Full Fiscal 2026 Results on July 22, 2026

Posted on July 21, 2026July 21, 2026 by [email protected]

Research News and Market Data on RGP

DALLAS–(BUSINESS WIRE)–Jul. 8, 2026– Resources Connection, Inc. (Nasdaq: RGP) (the “Company,” “we,” and “our”), a global consulting firm, will announce results of operations for its fourth quarter and full fiscal year ended May 30, 2026 after the close of market on July 22, 2026.

This release will be followed by a conference call at 5:00 p.m. ET, July 22, 2026. A live webcast of the call will be available on the “Investor Relations” Events section of the Company’s website. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time by visiting the RGP Investor Events section of the Company’s website.

ABOUT RGP

RGP (Nasdaq: RGP) has been redefining professional services for 30 years by closing the gap between advice and execution. RGP combines the flexibility of on-demand talent, the rigor of consulting, and the accountability of managed services for faster impact, smarter investment, and lower risk. The firm partners with CFOs and other C-suite leaders across finance, digital transformation, data, and cloud — connecting advisory to execution at global scale.

Based in Dallas, Texas, with offices worldwide, RGP annually engages with more than 1,500 clients around the world from 40 physical practice offices and multiple virtual offices. As of January 2026, RGP is proud to have served 90 percent of the Fortune 100 and has been recognized by U.S. News & World Report (2025–2026 Best Companies to Work For) and Forbes (America’s Best Midsize Employers 2026, America’s Best Management Consulting Firms 2025, World’s Best Management Consulting Firms 2025).

The Company is listed on the Nasdaq Global Select Market, the exchange’s highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260708348229/en/

Investor Contact:
Jennifer Ryu, Chief Financial Officer
(US+) 1-714-430-6500
[email protected]

Media Contact:
Pat Burek
Financial Profiles
(US+) 1-310-622-8244
[email protected]

Source: Resources Connection, Inc.

Stripe and Advent Just Offered $53 Billion for PayPal

Posted on July 17, 2026July 17, 2026 by [email protected]

The biggest potential acquisition in fintech history is now on the table. Stripe, the privately held payments giant valued at $159 billion, and private equity firm Advent International have submitted a joint offer to acquire PayPal Holdings (Nasdaq: PYPL) for $60.50 per share in a deal valued at more than $53 billion. The offer represents a 28% premium to PayPal’s closing price on July 14 and is backed by approximately $50 billion in committed bank financing. PayPal shares surged roughly 18% on the news.

PayPal has not formally responded to the proposal. Stripe and Advent are reportedly pushing to advance discussions over the coming weeks. Under the terms of the offer, the two firms would share ownership of PayPal on an equal basis, with no plans to break up or dismantle the company.

How PayPal Got Here

The offer arrives at a moment of profound vulnerability for a company that once defined digital payments. At its 2021 peak, PayPal commanded a market capitalization of approximately $360 billion. By early 2026, that figure had fallen to as low as $36 billion, a decline of roughly 90% driven by years of slowing growth, intensifying competition from Apple Pay, Google Pay, and a new generation of embedded payment platforms, and repeated failed turnaround attempts that left investors skeptical of the company’s ability to reclaim relevance.

The current leadership team, led by new CEO Enrique Lores who replaced Alex Chriss earlier this year, has launched a restructuring built around a three-unit organizational model and announced plans to cut approximately 20% of the workforce, roughly 4,760 positions, as part of an effort to generate at least $1.5 billion in gross run-rate savings. The company’s full-year 2026 adjusted profit guidance calls for a low-single-digit percentage decline, a forecast that does not inspire confidence in a rapid recovery.

At roughly eight times projected 2026 earnings, PayPal trades at a multiple well below most of its fintech peers, a discounted valuation that has made it an increasingly obvious target for a strategic acquirer with the scale and resources to execute what current management has not been able to deliver.

Why Stripe Wants PayPal

Stripe has built a dominant position in merchant payments infrastructure, powering the backend payment processing for millions of businesses globally. What it lacks is a large-scale consumer payments brand. PayPal, despite its struggles, still maintains one of the most recognized consumer payment platforms in the world, with hundreds of millions of active accounts and deeply embedded relationships with both consumers and merchants across global e-commerce.

Combining the two would create a payments entity spanning both sides of the transaction, merchant infrastructure and consumer wallet, with combined processing volume that would rival any player in the industry. Both companies have also been prominent in bringing stablecoin capabilities onto traditional payment rails, positioning the combined entity at the intersection of legacy digital payments and next-generation blockchain-based settlement.

What It Signals for Smaller Fintech Companies

For investors tracking fintech companies in the small and microcap space, a $53 billion deal for PayPal sends an unmistakable signal about where consolidation pressure is headed. When the largest private payments company in the world moves to acquire the most recognizable consumer payments brand, the competitive dynamics for every smaller player in the ecosystem shift. Niche payment processors, vertical-specific fintech platforms, and emerging stablecoin infrastructure companies either become more attractive acquisition targets themselves or face a combined competitor with unprecedented scale.

The Nuvei-Payoneer combination we covered last month was a $2.75 billion deal built around the same thesis: payments consolidation around platforms that can handle the full transaction lifecycle across borders. The Stripe-PayPal proposal takes that logic and multiplies it by a factor of twenty. The fintech M&A cycle is not winding down. It is escalating to a scale the industry has never seen.

Release – Kelly Appoints Alan Stukalsky as Chief Product and Technology Officer

Posted on July 6, 2026July 6, 2026 by [email protected]

Research News and Market Data on Kelya

July 6, 2026

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Industry veteran brings more than 25 years of technology and digital leadership to newly created role

TROY, Mich., July 06, 2026 (GLOBE NEWSWIRE) — Kelly (Nasdaq: KELYA, KELYB), a global workforce strategy and solutions provider, has appointed Alan Stukalsky as chief product and technology officer, effective July 13. Stukalsky joins the Kelly senior leadership team, reporting to CEO Chris Layden, and will be responsible for overseeing the company’s product strategy, technology capabilities, and digital innovation efforts across its portfolio of specialty businesses.

“The workforce solutions industry is at an inflection point. Companies who successfully embed AI into their operations to better serve clients and candidates are going to pull away from the field,” Layden said. “That work is already underway at Kelly. Alan will scale it, drive operational excellence across the enterprise, and accelerate the pace at which we’re launching products that will help clients build tech-enabled workforces. He’s done it before and we’re excited to see the impact he’ll bring.”

Stukalsky brings more than 25 years of technology leadership and digital transformation experience to the newly created role. Throughout his career, he has led large-scale modernization efforts, enterprise platform transformations, cloud migrations, AI-enabled innovation, and the development of new digital business models. He is widely recognized for aligning technology, product, and business strategy to create industry-leading talent solutions and deliver measurable outcomes for customers, employees, and shareholders.

Most recently, Stukalsky served as chief digital and information officer at LHH, part of the Adecco Group. Prior to LHH, Stukalsky spent more than 16 years at Randstad, holding dual executive roles as chief digital officer and chief information officer for North America.

“This is an exciting time to join Kelly. The company is investing in the technology and products that will define how it competes in an AI-driven market,” Stukalsky said. “I’m passionate about making it easier for clients and candidates to work with us, embedding AI into the fabric of how we operate, and ensuring the people we place are equipped with the tools they need to succeed. I look forward to partnering with the talented Kelly team to build on a strong foundation and accelerate growth.”

Stukalsky is a passionate advocate for inspiring future STEM professionals and active with Junior Achievement, Georgia State University’s CIS program, and STE(A)M Truck. He has served on numerous industry and community boards and has been recognized as Georgia CIO of the Year for Large Enterprises. He holds a Bachelor of Science in Mechanical Engineering from Georgia Tech and a Bachelor of Science in Mathematics from Emory University.

About Kelly^®Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners around the world, we connect approximately 375,000 people with work every year. Our suite of outsourcing and consulting services and solutions ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Revenue in 2025 was $4.3 billion.

Media Contact
Christian Taske
248-561-8823
[email protected]

This press release was published by a CLEAR® Verified individual.

Conduent (CNDT) – Transformation Unlocks Earnings Potential

Posted on July 6, 2026July 6, 2026 by [email protected]

Monday, July 06, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Transportation exit complete. Conduent announced the sale of its Tolling business for $70 million, completing its planned exit from the Transportation segment and substantially finishing management’s portfolio rationalization strategy.

Higher-quality business emerges. The Transportation divestitures simplify Conduent’s operating structure, reduce capital intensity, and sharpen management’s focus on its core Government and Commercial businesses, which we believe should improve long-term earnings quality and free cash flow generation.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Conduent (CNDT) – Completes Transportation Exit

Posted on July 1, 2026July 1, 2026 by [email protected]

Wednesday, July 01, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Tolling divestiture completes Transportation exit. Conduent announced the sale of its Tolling business to Quarterhill for $70 million, completing its previously announced exit from the Transportation segment and advancing management’s portfolio simplification strategy. The transaction is expected to close during the fourth quarter of 2026, subject to satisfaction or waiver of customary closing conditions.

Deal terms limit Conduent’s residual risk. Quarterhill will assume substantially all liabilities associated with the business, including surety bond obligations, while Conduent will retain a 7% equity stake in Quarterhill, providing potential upside participation.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Conduent (CNDT) – AI Launch Supports Transformation

Posted on June 25, 2026June 25, 2026 by [email protected]

Thursday, June 25, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

The launch of the AI-powered Next Generation CX Platform reinforces strategic transformation. Conduent introduced new AI-enabled capabilities, including real-time translation, AI-driven agent training, and voice enhancement technologies, further positioning the company as a technology-enabled customer experience provider rather than a traditional business process outsourcer.

New capabilities support higher-margin, technology-enabled growth. The platform enables real-time translation across more than 90 languages, AI-based training simulations that can reduce agent onboarding time by up to 40%, and accent smoothing and noise cancellation, all of which enhance customer interactions and improve operational efficiency.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Kelly Services (KELYA) – Are the Shoots Getting Greener?

Posted on June 4, 2026June 4, 2026 by [email protected]

Thursday, June 04, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Labor Market Sustained Momentum? U.S. private employers added 122,000 jobs in May, according to ADP, exceeding the 120,000 consensus estimate and up from April’s 105,000 revised number. ADP noted, “The labor market continues to show sustained momentum going into the summer hiring season.” While still early, these improving green shoots provide encouragement for the second half improvement in Kelly’s business, in our view.

Broad-Based. ADP noted the hiring was more broad-based in May than in the last few years, with eight of the ten supersectors ADP tracks posting positive momentum. Gains were led by the education and health care sectors.