Inactive · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Staffing & Consulting Services

THE TRADER READRecurring relationship, inactive in the latest snapshot

Price direction is split across 16 measured members. Capital-flow agreement is 26%, so the basket is not yet clean.

Price breadth10 up · 5 downRelative median unavailable

Capital-flow alignment26%Price breadth is not yet confirmed by flow

Activity nowCalmActivity score 18/100 · lift 0.8×

Evidence depth2 episodesLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

0 timed events

TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, APR 29ADP filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, AUG 12ARX filing documented shared operating contextcredit / rates affecting interest expense · date precision only

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

Price sequence unavailableA timestamped price sequence is unavailable.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

20/21 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ADP, ARX, CBZ, CSGP, GDDY, ICFI, JKHY, KFY, LOPE, MAN, MORN, NOW, RHI, TYL.

credit / rates affecting interest expense

“The decrease was driven by an increase in interest expense on funds held under reinsurance.”
ARX 10-Q · 2026-08-13

restructuring affecting expense

“13.1 % 14.2 % (110) bps 31 (a) Other represents certain corporate overhead charges and expenses that have not been allocated to the reportable segments, including corporate functions, legal settlements, company-wide severance initiatives, non-recurring gains and losses, the elimination of intercompany transactions, and interest income and expense. n/m - not meaningful Employer Services Revenues Employer Services' revenues increased in fiscal 2026 due to new business started from new business bookings, strong client revenue retention, an increase in pricing, a 1% year-over-year growth impact of foreign currency, an increase in interest earned on funds held for clients of $164.1 million, and an increase in our pays per control when measured on a same-store-sales basis of 1%.”
ADP 10-K · 2026-08-05

demand / volume

“Damage to our reputation as a result of our provision of policies to certain insureds could result in decreased demand for our insurance products.”
ARX 10-K · 2026-03-18

CONFIRMATION NETWORK

Outsiders and cross-asset links

4 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

GMoving with group

FCN · text peer

PCTYMoving with group

PAYX · text peer

EPAMMoving with group

ICFI · text peer

FISVMoving with group

JKHY · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

ARXICFITRILOPECSGPCBZNSPKFYTNETTYLJKHYFCNFDSITNOWMORNMANADPGDDYPAYXRHI

10/21 active10 rising · 6 falling

MemberUnusual activityToday's moveRead now

ARXAccelerant Holdings

Most unusual · 100/100

+0.1%

Active; unclassifiedActive in 0% of observed group sessions

ICFIICF International, Inc.

Elevated · 76/100

—

Active; unclassifiedActive in 16.7% of observed group sessions

TRIThomson Reuters Corporation

Elevated · 72/100

-0.4%

Active; unclassifiedActive in 16.7% of observed group sessions

LOPEGrand Canyon Education, Inc.

Elevated · 68/100

+0.8%

Flow confirmerActive in 50% of observed group sessions

CSGPCoStar Group, Inc.

Elevated · 66/100

-0.0%

Active; unclassifiedActive in 0% of observed group sessions

CBZCBIZ, Inc.

Elevated · 55/100

—

Active; unclassifiedActive in 50% of observed group sessions

NSPInsperity, Inc.

Elevated · 51/100

—

Active; unclassifiedActive in 0% of observed group sessions

KFYKorn Ferry

Elevated · 51/100

+0.7%

Active; unclassifiedActive in 16.7% of observed group sessions

TNETTriNet Group, Inc.

Elevated · 50/100

—

Active; unclassifiedActive in 66.7% of observed group sessions

TYLTyler Technologies, Inc.

Elevated · 48/100

+0.7%

Active; unclassifiedActive in 0% of observed group sessions

JKHYJack Henry & Associates, Inc.

Quiet · 47/100

+0.7%

Watch / laggardActive in 0% of observed group sessions

FCNFTI Consulting, Inc.

Quiet · 45/100

+1.6%

Watch / laggardActive in 50% of observed group sessions

FDSFactSet Research Systems Inc.

Quiet · 45/100

-0.2%

Watch / laggardActive in 0% of observed group sessions

ITGartner, Inc.

Quiet · 44/100

+1.1%

Watch / laggardActive in 0% of observed group sessions

NOWServiceNow, Inc.

Quiet · 44/100

-0.9%

Watch / laggardActive in 0% of observed group sessions

MORNMorningstar, Inc.

Quiet · 44/100

-0.7%

Watch / laggardActive in 16.7% of observed group sessions

MANManpowerGroup

Quiet · 36/100

—

Watch / laggardActive in 66.7% of observed group sessions

ADPAutomatic Data Processing, Inc.

Quiet · 35/100

+0.6%

Watch / laggardActive in 33.3% of observed group sessions

GDDYGoDaddy Inc.

Quiet · 33/100

-1.1%

Watch / laggardActive in 0% of observed group sessions

PAYXPaychex, Inc.

Quiet · 31/100

+1.3%

Watch / laggardActive in 0% of observed group sessions

RHIRobert Half Inc.

Quiet · 27/100

+2.1%

Watch / laggardActive in 33.3% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
ARX	Accelerant Holdings	Most unusual	+0.1%	0% of 6 sessions	Most unusual activity in this snapshot; performance direction may differ.
ICFI	ICF International, Inc.	Participating	—	16.7% of 6 sessions	Price participation is not yet confirmed by per-name flow.
TRI	Thomson Reuters Corporation	Participating	-0.4%	16.7% of 6 sessions	Price participation is not yet confirmed by per-name flow.
LOPE	Grand Canyon Education, Inc.	Participating	+0.8%	50% of 6 sessions	Price participation with accumulating signed flow.
CSGP	CoStar Group, Inc.	Participating	-0.0%	0% of 6 sessions	Price participation is not yet confirmed by per-name flow.
CBZ	CBIZ, Inc.	Participating	—	50% of 6 sessions	Price participation is not yet confirmed by per-name flow.
NSP	Insperity, Inc.	Participating	—	0% of 6 sessions	Price participation is not yet confirmed by per-name flow.
KFY	Korn Ferry	Participating	+0.7%	16.7% of 6 sessions	Price participation is not yet confirmed by per-name flow.
TNET	TriNet Group, Inc.	Participating	—	66.7% of 6 sessions	Price participation is not yet confirmed by per-name flow.
TYL	Tyler Technologies, Inc.	Participating	+0.7%	0% of 6 sessions	Price participation is not yet confirmed by per-name flow.
JKHY	Jack Henry & Associates, Inc.	Quiet / lagging	+0.7%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
FCN	FTI Consulting, Inc.	Quiet / lagging	+1.6%	50% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
FDS	FactSet Research Systems Inc.	Quiet / lagging	-0.2%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
IT	Gartner, Inc.	Quiet / lagging	+1.1%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
NOW	ServiceNow, Inc.	Quiet / lagging	-0.9%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
MORN	Morningstar, Inc.	Quiet / lagging	-0.7%	16.7% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
MAN	ManpowerGroup	Quiet / lagging	—	66.7% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
ADP	Automatic Data Processing, Inc.	Quiet / lagging	+0.6%	33.3% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
GDDY	GoDaddy Inc.	Quiet / lagging	-1.1%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
PAYX	Paychex, Inc.	Quiet / lagging	+1.3%	0% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.
RHI	Robert Half Inc.	Quiet / lagging	+2.1%	33.3% of 6 sessions	Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome

POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Low structural sample

Only 2 completed episodes across 6 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support10 daysHow often the cohort identity was observed

Completed episodes2Separate periods of broad group activity

Active sessions6Completed session observations, not trades

2026-07-07 → 2026-07-082 active sessions11.1% composition consistency through the episode

2026-06-26 → 2026-07-024 active sessions10% composition consistency through the episode

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

MAN66.7% · 2 episodes

TNET66.7% · 1 episode

CBZ50% · 1 episode

FCN50% · 2 episodes

LOPE50% · 2 episodes

ADP33.3% · 2 episodes

RHI33.3% · 1 episode

ICFI16.7% · 1 episode

KFY16.7% · 1 episode

MORN16.7% · 1 episode

TRI16.7% · 1 episode

ARX0% · 0 episodes

CSGP0% · 0 episodes

FDS0% · 0 episodes

GDDY0% · 0 episodes

IT0% · 0 episodes

JKHY0% · 0 episodes

NOW0% · 0 episodes

NSP0% · 0 episodes

PAYX0% · 0 episodes

TYL0% · 0 episodes