Nasdaq Inc Stock Price, News & Analysis

Nasdaq, Inc. (NDAQ) announced an accelerated stock repurchase (ASR) agreement with Goldman Sachs to repurchase $325 million of its common stock. This initiative is part of Nasdaq's broader share repurchase program, which had $784 million remaining as of January 25, 2022. Nasdaq's CFO highlighted the ASR as a sign of the company's strong balance sheet and commitment to returning capital to shareholders, following a substantial $1.3 billion returned to investors in 2021 through repurchases and dividends.

The Board of Directors of Nasdaq has declared a regular quarterly dividend of $0.54 per share on its common stock.

This dividend is payable on March 25, 2022, to shareholders of record by the close of business on March 11, 2022. Future dividends are subject to Board approval.

Nasdaq reported strong financial results for Q4 and full year 2021, with net revenues increasing 18% to $3,420 million. The Solutions segments rose 21%, while Market Services saw a 13% increase. Q4 net revenues reached $885 million, marking a 12% year-over-year growth. GAAP diluted EPS increased 26% in 2021 to $7.05. The company returned $1,293 million to shareholders, and ARR grew by 19%. Nasdaq is now focusing on expanding its cloud services in partnership with AWS, providing a strong outlook for continued growth in 2022.

The Nasdaq Stock Market has announced the delisting of iFresh Inc. and Odonate Therapeutics, Inc. iFresh’s common stock was suspended on November 23, 2021, while Odonate's was suspended on January 18, 2022. Both companies have not traded on Nasdaq since their respective suspension dates. Nasdaq will file a Form 25 with the SEC to finalize the delistings, which will take effect ten days after the filing. Investors seeking further information about these companies should consult their public filings or contact them directly.

Nasdaq solidified its status as Europe’s leading listings hub, achieving 219 new equity listings in 2021, including a record 174 initial public offerings (IPOs), raising EUR 13.4 billion in total. The trading environment saw a rise in retail inflow, resulting in unprecedented levels of equity and derivative trading. Nasdaq also advanced its commitment to ESG by acquiring a majority stake in Puro.earth, reflecting a 361% increase in trading volumes for carbon removal certificates. The European markets achieved record trading volumes, with a daily average share trading increase of 7.1%.

The Nasdaq Stock Market has censured SpeedRoute LLC and imposed a $450,000 fine for breaching Rule 15c3-5 of the Securities Exchange Act of 1934 over a five-year span, from January 2017 to November 2021. SpeedRoute failed to implement adequate risk management and supervisory procedures, leading to the transmission of erroneous orders and the filing of 30 erroneous execution petitions. Despite knowing about its system failures since late 2018, SpeedRoute continued to send orders without establishing necessary safeguards. The firm did not admit or deny the charges.

Bionomics Limited (Nasdaq: BNOX, ASX: BNO) will ring the Nasdaq Closing Bell remotely on January 14, 2022. The ceremony will feature Dr Errol De Souza, Executive Chairman, and the company team. The live stream can be accessed through the Nasdaq website. Bionomics is focused on developing allosteric ion channel modulators for central nervous system disorders, with its lead candidate, BNC210, targeting Social Anxiety Disorder and PTSD. The company has a partnership with Merck for cognitive treatment trials in Alzheimer's disease.

On January 13, 2022, Nasdaq (NDAQ) announced that Old Dominion Freight Line (ODFL) will replace Peloton Interactive (PTON) in the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index. This change will take effect prior to market opening on January 24, 2022. The inclusion of Old Dominion signifies notable market movement as it strengthens the index's representation in the freight sector.