Nasdaq Inc Stock Price, News & Analysis

Nasdaq, Inc. (NDAQ) has announced an accelerated stock repurchase agreement (ASR) with Goldman Sachs to buy back $475 million of its common stock. This move is part of its ongoing share repurchase program, which currently has $1.46 billion remaining as of July 21, 2021. The initial delivery of shares will be made on July 23, 2021, with the final share count based on the average stock price during the ASR term. This buyback aims to offset dilution from the recent sale of the fixed income business, reinforcing Nasdaq's commitment to enhancing shareholder value.

Nasdaq, Inc. (NDAQ) has declared a quarterly dividend of $0.54 per share on its common stock. This dividend will be paid on September 24, 2021, to shareholders who record by September 10, 2021. Future dividends are subject to Board approval. Nasdaq, a global technology firm, offers various data, analytics, and services to enhance client operations.

In Q2 2021, Nasdaq reported net revenues of $846 million, marking a 21% increase year-over-year. Solutions segment revenues rose 26%, while Market Services grew 13%. Annualized Recurring Revenue reached $1,808 million, up 22%. GAAP diluted EPS was $2.05, a 41% rise from $1.45. Nasdaq returned $579 million to investors, including share repurchases and dividends. The company expects annual non-GAAP operating expenses to be between $1,590 and $1,620 million.

Key highlights include strong IPO activity and the acquisition of Verafin, boosting multiple revenue streams.

Nasdaq Private Market is set to spin out from Nasdaq and will become an independent company through a joint venture with SVB Financial Group, Citi, Goldman Sachs, and Morgan Stanley. This strategic collaboration aims to create a centralized secondary trading venue for private company stock, enhancing liquidity solutions for private companies, brokers, and investors. The new platform will leverage existing technology and regulatory frameworks to offer comprehensive transaction management, increasing market transparency and efficiency, thereby addressing unmet demands in the private markets.

Nasdaq (NDAQ) announced that Honeywell International Inc. (HON) will join the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index effective July 21, 2021. This change replaces Alexion Pharmaceuticals (ALXN) with Honeywell. The inclusion of Honeywell highlights its strong market position and potential for growth within the technology and industrial sectors, reflecting Nasdaq's ongoing commitment to index adjustments that enhance investment opportunities.

On July 12, 2021, Nasdaq (NDAQ) released its monthly volumes for June and quarterly data for Q2 2021, highlighting metrics such as estimated revenue capture and number of listings. This information is available on its investor relations website. Nasdaq is a leading global technology firm serving capital markets with diverse offerings in data, analytics, and software. However, readers are cautioned that the forward-looking statements in the report involve risks and uncertainties that could affect future performance.

Nasdaq’s Quandl has partnered with Marex to launch the Marex Daily Speculative Positioning (MDSP), a new dataset that tracks daily aggregate holdings in the global commodities market. This initiative aims to provide traders with faster insights compared to traditional weekly reports, covering various commodities such as agriculture, metals, and energy. The collaboration combines Marex's extensive market expertise with Nasdaq’s data platform, enhancing the understanding of market participant behavior across 40 commodity products. Additional products are expected by Q3.