credit / rates affecting interest expense
“Interest expense increased during fiscal 2025 as compared to fiscal 2024 primarily due to the senior notes issued in January 2025.”
ADBE 10-K
Confirmed
Staffing Services
22 names are moving together; 96% are participating in the current session.
3 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| PCTY | Paylocity Holding Corporation | Technology | +0.8% | 9/24 observed active sessions |
| ADP | Automatic Data Processing, Inc. | Technology | +1.0% | 6/24 observed active sessions |
| IT | Gartner, Inc. | Technology | -1.2% | 4/24 observed active sessions |
| WDAY | Workday, Inc. | Technology | +1.4% | Group member |
| TYL | Tyler Technologies, Inc. | Technology | -4.2% | 2/24 observed active sessions |
| BR | Broadridge Financial Solutions, | Technology | -0.5% | 5/24 observed active sessions |
| QTWO | Q2 Holdings, Inc. | Technology | +3.2% | 7/24 observed active sessions |
| PAYX | Paychex, Inc. | Technology | +0.5% | 6/24 observed active sessions |
| GDDY | GoDaddy Inc. | Technology | -16.6% | 7/24 observed active sessions |
| ADSK | Autodesk, Inc. | Technology | -0.3% | Group member |
| WK | Workiva Inc. | Technology | +2.1% | 7/24 observed active sessions |
| PAYC | Paycom Software, Inc. | Technology | +1.5% | 7/24 observed active sessions |
| ADBE | Adobe Inc. | Technology | +1.0% | 4/24 observed active sessions |
| EXLS | ExlService Holdings, Inc. | Technology | -1.2% | 1/24 observed active sessions |
| GWRE | Guidewire Software, Inc. | Technology | -1.1% | Group member |
| ROP | Roper Technologies, Inc. | Technology | +0.7% | 2/24 observed active sessions |
| MANH | Manhattan Associates, Inc. | Technology | +0.1% | 1/24 observed active sessions |
| JKHY | Jack Henry & Associates, Inc. | Technology | -0.1% | 10/24 observed active sessions |
| BLKB | Blackbaud, Inc. | Technology | +6.9% | 7/24 observed active sessions |
| FICO | Fair Isaac Corporation | Technology | -1.4% | Group member |
| CHKP | Check Point Software Technologi | Technology | -1.1% | 1/24 observed active sessions |
| INTU | Intuit Inc. | Technology | +0.2% | 1/24 observed active sessions |
Why we believe this
Cohort
22 namesParticipation
96% this sessionObserved history
30 daily buildsFiling coverage
21/22 membersrestructuring affecting expense
“The Company recorded a restructuring expense of approximately $8.3 million pretax ($6.2 million after-tax or $0.11 per fully diluted share) in the second quarter of 2026, which is partially offset by the $2.9 million expense in January 2025 for the elimination of approximately 100 positions to align the Company's services capacity with customer demand, which was impacted by short-term macro-economic uncertainty.”
MANH 10-Q
credit / rates
“We intend to refinance the current portion of our debt on or before the due date, subject to market conditions.”
ADBE 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
AMZN
GDDYsupplier · Not moving with the group now
Filing receipt · AMZN / GDDY
“We continue to migrate many of our non-hosting products and internal systems to Amazon Web Services.”
GDDY · supplier
MSFT
GDDYsupplier · Not moving with the group now
Filing receipt · MSFT / GDDY
“We offer fully-supported Microsoft 365 accounts that are easy to set up and use with our customers' domains.”
GDDY · supplier
NOW
WDAYpartner · Not moving with the group now
Filing receipt · NOW / WDAY
“These vendors include, without limitation, Anaplan, Inc.; ADP; Coupa Software Inc.; Dayforce, Inc.; Microsoft; NetSuite; ServiceNow, Inc.; and UKG Inc.”
WDAY · partner
BILL
PAYXpartner · Not moving with the group now
Filing receipt · BILL / PAYX
“In addition, we previously announced embed partnerships with Paychex, Oracle NetSuite, and Acumatica, which we expect will extend our platform's reach and offer new paym…”
PAYX · partner
ORCL
WDAYcompetitor · Not moving with the group now
Filing receipt · ORCL / WDAY
“We currently compete with large, well-established, enterprise software vendors, such as Oracle Corporation (“ Oracle ”) and SAP SE (“SAP”).”
WDAY · competitor
History
2026-07-09 → 2026-08-0317 observed active sessions · 0% of active names held across the episode
2026-06-24 → 2026-07-015 observed active sessions · 0% of active names held across the episode
2026-06-17 → 2026-06-182 observed active sessions · 11.1% of active names held across the episode