Share repurchase

Simulations Plus Executes $20 Million Accelerated Share Repurchase Agreement

Retrieved on: 
Wednesday, January 11, 2023

Simulations Plus, Inc. (Nasdaq: SLP), a leading provider of modeling and simulation software and services for pharmaceutical safety and efficacy, today announced it has entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Morgan Stanley & Co. LLC.

Key Points: 
  • Simulations Plus, Inc. (Nasdaq: SLP), a leading provider of modeling and simulation software and services for pharmaceutical safety and efficacy, today announced it has entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Morgan Stanley & Co. LLC.
  • The ASR Agreement is part of the $50 million share repurchase program authorized by the Board of Directors on December 29, 2022.
  • After completion of the repurchases under the ASR Agreement, $30 million will remain available for additional repurchases under the authorized repurchase program.
  • Returning capital to shareholders through a $50 million share repurchase program.

Super Group Board of Directors Approves $25 Million Share Repurchase Program

Retrieved on: 
Wednesday, January 11, 2023

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that its Board of Directors has authorized the repurchase of up to $25 million of Super Group ordinary shares through December 31, 2023.

Key Points: 
  • Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that its Board of Directors has authorized the repurchase of up to $25 million of Super Group ordinary shares through December 31, 2023.
  • This time frame can also be extended or shortened by the Board of Directors, and Super Group is not obligated to repurchase any shares.
  • Alinda van Wyk, Chief Financial Officer of Super Group, commented: “Our debt-free balance sheet is strong and we actively consider using cash to drive long-term shareholder value through investment and through returning cash to shareholders.
  • We believe a modest share repurchase program is an efficient potential use of cash depending on market circumstances.”

Veradigm Announces New Share Repurchase Program and Initial Financial Guidance for Fiscal 2023

Retrieved on: 
Wednesday, January 11, 2023

Veradigm Inc. (NASDAQ: MDRX), formerly Allscripts Healthcare Solutions, Inc., announced today that its Board of Directors has approved a new share repurchase program under which Veradigm may purchase up to $250 million of its common stock.

Key Points: 
  • Veradigm Inc. (NASDAQ: MDRX), formerly Allscripts Healthcare Solutions, Inc., announced today that its Board of Directors has approved a new share repurchase program under which Veradigm may purchase up to $250 million of its common stock.
  • The new share repurchase program does not have a termination date and replaces the previous authorization to repurchase $250 million of common stock which was almost fully utilized during 2022.
  • In the fourth quarter of 2022 Veradigm repurchased $57 million of its common stock, bringing its full year total to $234 million.
  • The company also introduced initial financial guidance for Fiscal 2023 as follows:
    The company will report its financial results for the three and twelve months ended December 31, 2022 after the close of the regular stock market hours on Thursday, February 23, 2023.

TD SYNNEX Reports Fiscal 2022 Full Year and Fourth Quarter Results; Announces Dividend Increase and New $1B Share Repurchase Authorization

Retrieved on: 
Tuesday, January 10, 2023

Non-GAAP operating income was $1.72 billion in the current year compared to $902 million in the prior fiscal year.

Key Points: 
  • Non-GAAP operating income was $1.72 billion in the current year compared to $902 million in the prior fiscal year.
  • Non-GAAP operating margin was 2.8% in the current year, compared to 2.9% in the prior fiscal year.
  • Non-GAAP Diluted EPS was $11.94, compared to $9.40 in the prior fiscal year, an increase of 27%.
  • TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per common share, which represents a 17% increase as compared to the prior quarter.

ICON Issues Financial Guidance for Full Year 2023

Retrieved on: 
Tuesday, January 10, 2023

ICON plc , (NASDAQ: ICLR), a world-leading clinical research organization powered by healthcare intelligence, today announced its financial guidance for the year ending December 31, 2023.

Key Points: 
  • ICON plc , (NASDAQ: ICLR), a world-leading clinical research organization powered by healthcare intelligence, today announced its financial guidance for the year ending December 31, 2023.
  • Our outlook for 2023 reflects a continued solid demand environment albeit with persistent macroeconomic challenges, resulting in full year revenue guidance in the range of $7,940 - $8,340 million and adjusted earnings per share1 guidance in the range of $12.40 - $13.05.”
    Full year 2023 financial guidance assumptions:
    Circa $1.1 billion of free cash flow and capital expenditures of circa $200 million.
  • Excludes any potential share repurchase or M&A activity in the above guidance.
  • With respect to full year 2022, the company reaffirmed its current guidance of revenue in the range of $7,690 - $7,810 million and adjusted earnings per share1 in the range of $11.65 - $11.85.

Expensify Announces an Additional 81,999 Share Buyback Bringing 2022 Total to $12.1 Million (Including Net Settlement)

Retrieved on: 
Tuesday, January 10, 2023

This brings the total dollar amount the company has spent reducing share count to $12.1 million during 2022 (including $6.1 million in net share settlement of vested equity incentive awards).

Key Points: 
  • This brings the total dollar amount the company has spent reducing share count to $12.1 million during 2022 (including $6.1 million in net share settlement of vested equity incentive awards).
  • “Our roots are in Silicon Valley where building a company with positive cash flow is rare,” said David Barrett, Founder and CEO of Expensify.
  • The share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time.
  • Expensify is a payments superapp that helps individuals and businesses around the world simplify the way they manage money.

Dominari Holdings Provides Update on Share Repurchase Program

Retrieved on: 
Friday, January 13, 2023

NEW YORK, Jan. 13, 2023 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company") today provided an update on the $2 million share repurchase program (the "Share Repurchase Program") authorized by the Company's Board of Directors on December 5, 2022.

Key Points: 
  • NEW YORK, Jan. 13, 2023 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company") today provided an update on the $2 million share repurchase program (the "Share Repurchase Program") authorized by the Company's Board of Directors on December 5, 2022.
  • The Company reported that on January 12, 2023, the Company purchased 5,000 shares of common stock at $3.6691 per share.
  • Additional shares may be repurchased from time to time in open market transactions, or other means in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b -18 of the Exchange Act.
  • The timing, number of shares repurchased, and prices paid for the stock under this program will depend on general business and market conditions as well as corporate and regulatory limitations, including blackout period restrictions.

Infosys: Strong growth of 13.7% in constant currency in a seasonally weak quarter

Retrieved on: 
Thursday, January 12, 2023

BENGALURU, India, Jan. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, reported strong Q3 performance with year-on-year growth at 13.7% and sequential growth at 2.4% in constant currency. Year on year growth was in double digits for most business segments and geographical regions in constant currency terms. Large deal TCV for the quarter was the strongest in the last 8 quarters at $3.3 billion. Digital comprised 62.9% of overall revenues and grew at 21.7% in constant currency. Operating margin for the quarter remained resilient at 21.5%. FY23 revenue guidance revised to 16.0%-16.5%. FY23 operating margin guidance retained at 21%-22%.

Key Points: 
  • "Attrition reduced meaningfully during the quarter and is expected to decline further in the near-term," he added.
  • $0.6 billion*) or 51.5% of total authorization of ₹9,300 crore at an average price of approx.
  • Centric Brands has selected Infosys to be a strategic technology partner to provide a range of digital, IT, business operations and transformation services.
  • Infosys received the Great Place to Work® Certification across five regions including India, Australia, United Kingdom, Germany, and Mexico.

Infosys: Strong growth of 13.7% in constant currency in a seasonally weak quarter

Retrieved on: 
Thursday, January 12, 2023

BENGALURU, India, Jan. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, reported strong Q3 performance with year-on-year growth at 13.7% and sequential growth at 2.4% in constant currency. Year on year growth was in double digits for most business segments and geographical regions in constant currency terms. Large deal TCV for the quarter was the strongest in the last 8 quarters at $3.3 billion. Digital comprised 62.9% of overall revenues and grew at 21.7% in constant currency. Operating margin for the quarter remained resilient at 21.5%. FY23 revenue guidance revised to 16.0%-16.5%. FY23 operating margin guidance retained at 21%-22%.

Key Points: 
  • "Attrition reduced meaningfully during the quarter and is expected to decline further in the near-term," he added.
  • $0.6 billion*) or 51.5% of total authorization of ₹9,300 crore at an average price of approx.
  • Centric Brands has selected Infosys to be a strategic technology partner to provide a range of digital, IT, business operations and transformation services.
  • Infosys received the Great Place to Work® Certification across five regions including India, Australia, United Kingdom, Germany, and Mexico.

Antero Midstream Announces Fourth Quarter 2022 Return of Capital and Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, January 11, 2023

DENVER, Jan. 11, 2023 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2022.

Key Points: 
  • DENVER, Jan. 11, 2023 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2022.
  • In addition, Antero Midstream announced plans to issue their fourth quarter 2022 earnings on Wednesday, February 15, 2023 after the close of trading on the New York Stock Exchange.
  • The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2022, or $0.90 per share on an annualized basis.
  • Antero Midstream plans to issue its fourth quarter 2022 earnings on Wednesday, February 15, 2023 after the close of trading on the New York Stock Exchange.