Themes / Group
Active · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Information Technology Services · MH

THE TRADER READShared activity without a clean directional read

Price direction is split across 21 measured members. Capital-flow confirmation is unavailable.

Price breadth3 up · 18 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowBuilding_pressureActivity score 38/100
Evidence depth0 support daysLow 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, JAN 14ADBE filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, JUN 10MH filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

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

19/21 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ADBE, ADP, BAH, BLKB, BR, CPAY, DXC, EXPO, FIS, FISV, GPN, KD, MH, SSNC, TTD.

credit / rates affecting interest expense

“These decreases were partially offset by higher interest expense associated with the issuance of $650.0 million aggregate principal amount of 2024 Secured Notes in August 2024. (Gain) Loss on Extinguishment of Debt For the fiscal year ended March 31, 2026 , we recorded a loss on extinguishment of debt of approximately $25.8 million , comprised primarily of the accelerated amortization of unamortized debt discount and deferred financing costs.”

MH 10-K · 2026-06-11
restructuring affecting expense

“Adjusted net income (loss) and Adjusted basic and diluted earnings (loss) per share Adjusted net income (loss) is defined as net income (loss) from continuing operations adjusted to exclude amortization of intangible assets, restructuring and cost savings implementation charges, the effects of the application of purchase accounting, advisory fees paid to Platinum Advisors pursuant to the 37 Advisory Agreement (which was terminated on July 25, 2025 in connection with the consummation of our initial public offering), impairment charges, transaction and integration costs, stock-based compensation, (gain) loss on extinguishment of debt and the impact of earnings or charges resulting from matters that we do not consider indicative of our ongoing operations and the related tax impact of those adjustments.”

MH 10-Q · 2026-08-13
credit / rates

“The decrease was primarily attributable to lower total debt outstanding following (i) the repayment of $385.7 million of borrowings under the A&E Term Loan Facility using net proceeds from our initial public offering on July 25, 2025, (ii) the repayment of an additional $206.7 million of borrowings under the A&E Term Loan Facility during the second half of fiscal year 2026, and (iii) the repayment of $40.0 million aggregate principal amount of the 2022 Unsecured Notes during the fourth quarter of fiscal year 2026.”

MH 10-Q · 2026-08-13
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
ADP → UNGInverse historical lead/lag · strength -0.23
ADP → SLVPositive historical lead/lag · strength 0.15

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

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
DXCADBEEXPOADPITBAHEEFTBRBLKBCPAYFISVTRIBRSLFISOTEXTTDMHSSNCKDGPNPAY

16/21 active3 rising · 18 falling

MemberUnusual activityToday's moveRead now
DXCDXC Technology Company
Elevated · 100/100
+2.5%
Active; unclassifiedHistorical role unavailable
ADBEAdobe Inc.
Elevated · 75/100
-0.8%
Active; unclassifiedHistorical role unavailable
EXPOExponent, Inc.
Elevated · 64/100
-1.0%
Active; unclassifiedHistorical role unavailable
ADPAutomatic Data Processing, Inc.
Elevated · 49/100
-0.1%
Active; unclassifiedHistorical role unavailable
ITGartner, Inc.
Elevated · 48/100
-3.4%
Active; unclassifiedHistorical role unavailable
BAHBooz Allen Hamilton Holding Cor
Elevated · 46/100
-1.8%
Active; unclassifiedHistorical role unavailable
EEFTEuronet Worldwide, Inc.
Elevated · 45/100
+1.6%
Active; unclassifiedHistorical role unavailable
BRBroadridge Financial Solutions,
Elevated · 38/100
-0.4%
Active; unclassifiedHistorical role unavailable
BLKBBlackbaud, Inc.
Elevated · 38/100
-1.3%
Active; unclassifiedHistorical role unavailable
CPAYCorpay, Inc.
Elevated · 36/100
-0.3%
Active; unclassifiedHistorical role unavailable
FISVFiserv, Inc.
Elevated · 34/100
-0.9%
Active; unclassifiedHistorical role unavailable
TRIThomson Reuters Corporation
Elevated · 30/100
-3.9%
Active; unclassifiedHistorical role unavailable
BRSLBrightstar Lottery PLC
Elevated · 26/100
-1.7%
Active; unclassifiedHistorical role unavailable
FISFidelity National Information Services, Inc.
Quiet · 26/100
-2.3%
Watch / laggardHistorical role unavailable
OTEXOpen Text Corporation
Quiet · 25/100
-0.9%
Watch / laggardHistorical role unavailable
TTDThe Trade Desk, Inc.
Quiet · 24/100
-0.1%
Watch / laggardHistorical role unavailable
MHMcGraw Hill, Inc.
Most unusual · 22/100
-5.2%
Active; unclassifiedHistorical role unavailable
SSNCSS&C Technologies Holdings, Inc.
Quiet · 20/100
-0.7%
Watch / laggardHistorical role unavailable
KDKyndryl Holdings, Inc.
Quiet · 20/100
+2.0%
Watch / laggardHistorical role unavailable
GPNGlobal Payments Inc.
Quiet · 19/100
-0.5%
Watch / laggardHistorical role unavailable
PAYPaymentus Holdings, Inc.
Quiet · 17/100
-1.2%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
DXCDXC Technology CompanyParticipating+2.5%—Price participation is not yet confirmed by per-name flow.
ADBEAdobe Inc.Participating-0.8%—Price participation is not yet confirmed by per-name flow.
EXPOExponent, Inc.Participating-1.0%—Price participation is not yet confirmed by per-name flow.
ADPAutomatic Data Processing, Inc.Participating-0.1%—Price participation is not yet confirmed by per-name flow.
ITGartner, Inc.Participating-3.4%—Price participation is not yet confirmed by per-name flow.
BAHBooz Allen Hamilton Holding CorParticipating-1.8%—Price participation is not yet confirmed by per-name flow.
EEFTEuronet Worldwide, Inc.Participating+1.6%—Price participation is not yet confirmed by per-name flow.
BRBroadridge Financial Solutions,Participating-0.4%—Price participation is not yet confirmed by per-name flow.
BLKBBlackbaud, Inc.Participating-1.3%—Price participation is not yet confirmed by per-name flow.
CPAYCorpay, Inc.Participating-0.3%—Price participation is not yet confirmed by per-name flow.
FISVFiserv, Inc.Participating-0.9%—Price participation is not yet confirmed by per-name flow.
TRIThomson Reuters CorporationParticipating-3.9%—Price participation is not yet confirmed by per-name flow.
BRSLBrightstar Lottery PLCParticipating-1.7%—Price participation is not yet confirmed by per-name flow.
FISFidelity National Information Services, Inc.Quiet / lagging-2.3%—Not participating yet; a breadth test or a genuine divergence.
OTEXOpen Text CorporationQuiet / lagging-0.9%—Not participating yet; a breadth test or a genuine divergence.
TTDThe Trade Desk, Inc.Quiet / lagging-0.1%—Not participating yet; a breadth test or a genuine divergence.
MHMcGraw Hill, Inc.Most unusual-5.2%—Most unusual activity in this snapshot; performance direction may differ.
SSNCSS&C Technologies Holdings, Inc.Quiet / lagging-0.7%—Not participating yet; a breadth test or a genuine divergence.
KDKyndryl Holdings, Inc.Quiet / lagging+2.0%—Not participating yet; a breadth test or a genuine divergence.
GPNGlobal Payments Inc.Quiet / lagging-0.5%—Not participating yet; a breadth test or a genuine divergence.
PAYPaymentus Holdings, Inc.Quiet / lagging-1.2%—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.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 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 support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.