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Equity Actions

APG

The board of APi Group has authorized a new $1 billion stock buyback program, signaling confidence in the company's financial health and future prospects. This move is likely to positively impact investor sentiment and could lead to an increase in the stock price in the short term as it often indicates that the company believes its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:25 pm

JBI

The board of Janus has authorized a new $100M stock buyback program, signaling confidence in the company's financial health and future prospects. This move is expected to potentially increase shareholder value by reducing the number of shares outstanding, thus possibly leading to an increase in the stock price.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:17 pm

PDCO

Patterson Companies (PDCO) has revised its fiscal 2024 earnings guidance downwards. GAAP earnings are now expected to be $1.99 to $2.04 per share, and non-GAAP adjusted earnings are forecasted to be $2.30 to $2.35 per share, down from the previous $2.35 to $2.45 range. This adjustment reflects the company's anticipation of ongoing inflationary trends, higher interest rates, and a broader economic slowdown, amidst macroeconomic and geopolitical uncertainties.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:12 pm

TBLA

Taboola.com has filed for a mixed shelf offering of up to $300 million. Additionally, selling shareholders are offering up to 93.74 million ordinary shares. This move could potentially increase the company's financial flexibility but also dilute current shareholders' equity.

Portfolio Pulse from Charles Gross

February 28, 2024 | 12:11 pm

NRG

NRG Energy has announced plans to increase its dividend per share by 7-9% annually, complete its $2.7 billion share repurchase authorization, and reduce its debt by up to $2.55 billion by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:08 pm

VST

Vistra's board has approved an additional $1.5 billion for its share buyback program, indicating a strong financial position and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:05 pm

FOUR

Shift4 Payments (NYSE:FOUR) has been analyzed by 9 financial analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $84.78, up 15.82% from the previous $73.20, with a range from $49.00 to $96.00. Analyst actions include maintaining, raising, and announcing ratings, with most analysts optimistic about the company's future. Shift4 Payments is noted for its integrated payment processing solutions, showing strong revenue growth and ROE but facing challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 12:00 pm

ODP

The board of ODP Corporation has approved a new share repurchase program authorizing the company to buy back up to $1 billion of its shares. This move is part of ODP's strategy to enhance shareholder value and reflects the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:53 am

SQSP

Squarespace's Board of Directors has authorized a share repurchase program for up to $500M of its Class A common stock, with no fixed expiration date.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:24 am

MLGO

WIMI

Microalgo entered a forward purchase agreement with its parent company Wimi Hologram Cloud, allowing Wimi to buy up to $11M shares of Microalgo.

Portfolio Pulse from Charles Gross

February 28, 2024 | 11:22 am