- Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges. - Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year Constant currency change compared to prior fiscal year (In millions, except percentages) $ % % Net Revenue: Americas U.S. $ 579 $ 520 $ 59 11 % * Other Americas 126 120 6 5 % * Total Americas 705 640 65 10 % 11 % EMEA 580 516 64 12 % 13 % APAC 285 258 27 10 % 14 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 12 % ____________________ * Constant currency data not provided at this level. Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year (In millions, except percentages) $ % AEC $ 751 $ 675 $ 76 11 % AutoCAD and AutoCAD LT 398 372 26 7 % MFG 307 269 38 14 % M&E 83 73 10 14 % Other 31 25 6 24 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Q4 FY25 Guidance Metrics Q4 FY25 (ending January 31, 2025) Revenue (in millions) $1,623 - $1,638 EPS GAAP $1.21 - $1.27 EPS non-GAAP (1) $2.10 - $2.16 ____________________ (1) Non-GAAP earnings per diluted share excludes $0.85 related to stock-based compensation expense, $0.17 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.18) related to GAAP-only tax charges. Full Year Fiscal 2025 FY25 Guidance Metrics FY25 (ending January 31, 2025) Billings (in millions) $5,900 - $5,980 Up 14% - 15% Revenue (in millions) (1) $6,115 - $6,130 Up approx. 11% GAAP operating margin 21.5% - 22% Non-GAAP operating margin (2) 35.5% - 36% EPS GAAP $4.95 - $5.01 EPS non-GAAP (3) $8.29 - $8.35 Free cash flow (in millions) (4) $1,470 - $1,500 ____________________ (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. (3) Non-GAAP earnings per diluted share excludes $3.15 related to stock-based compensation expense, $0.61 for the amortization of both purchased intangibles and developed technologies, $0.23 related to acquisition-related costs, and $0.04 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved. Autodesk, Inc. Condensed Consolidated Statements of Operations (In millions, except per share data) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net revenue: Subscription $ 1,457 $ 1,314 $ 4,195 $ 3,777 Maintenance 9 12 31 40 Total subscription and maintenance revenue 1,466 1,326 4,226 3,817 Other 104 88 266 211 Total net revenue 1,570 1,414 4,492 4,028 Cost of revenue: Cost of subscription and maintenance revenue 105 94 305 285 Cost of other revenue 19 21 57 62 Amortization of developed technologies 23 12 62 34 Total cost of revenue 147 127 424 381 Gross profit 1,423 1,287 4,068 3,647 Operating expenses: Marketing and sales 525 439 1,474 1,344 Research and development 378 339 1,092 1,021 General and administrative 161 165 477 438 Amortization of purchased intangibles 13 10 37 31 Total operating expenses 1,077 953 3,080 2,834
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GRAND RAPIDS, MI – A $10,000 reward is being offered for information that helps solve a young man’s homicide nearly one year ago. Martin Eduardo Martinez-Ramirez, 20, was found shot to death in his car Jan. 27, in a parking lot on Wing Avenue. Now, Silent Observer, in partnership with the Martinez family, are offering a $10,000 reward for information that leads to an arrest. RELATED: ‘We are all heartbroken:’ Family devastated after young man found slain in vehicle The reward and an impactful billboard campaign called, “You Know Who Killed Me,” are efforts to seek justice and bring closure to the family. The billboards, featuring Martinez-Ramirez’s photo, will appear in the Wyoming and Grand Rapids area to remind the community that every tip matters. Martinez-Ramirez worked at an Amazon warehouse and was two months from his associate degree in automotive technology. His family said he was an easy-going young man who got along with everyone and was known for his kindness. Anyone with any information is asked to call Silent Observer at 616-774-2345. Want more Grand Rapids-area news? Bookmark the local Grand Rapids news page or sign up for the free “ 3@3 Grand Rapids ” daily newsletter.‘Bhasha Utsav’ marks Subramania Bharati anniv at IIT-BHUDelhi needs to address Dhaka’s concerns
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Losing to older brother John Harbaugh and seeing the Los Angeles Chargers' four-game winning streak snapped Monday night might be the least of Jim Harbaugh's problems this week. The Chargers are holding their breath that running back J.K. Dobbins isn't seriously hurt after he left with a knee injury late in the first half of the Chargers’ 30-23 loss to the Baltimore Ravens . Harbaugh, who dislikes discussing injuries and eschews questions about any player's status with the tried and true “I'm not a doctor” answer, will get plenty of inquiries about Dobbins' health this week. There were no updates on Dobbins' status Tuesday. The Chargers return to practice on a short week before having to travel cross-country to Atlanta. After injuries derailed Dobbins' four years with the Ravens, the 2020 second-round pick decided to bet on himself by signing only a one-year deal with the Chargers. Though the first 10 1/2 games, the bet appeared to be paying off. Dobbins had 40 yards on six carries when he was wrenched backward by linebacker Malik Harrison and then gang-tackled on a play for no gain on third-and-1 at the 50-yard line. Dobbins is fourth in the AFC in rushing with 766 yards and averages 4.8 yards per carry, third highest among AFC backs with at least 100 carries. He has been considered among the candidates for AP Comeback Player of the Year after suffering a torn Achilles tendon in last season’s opener. Dobbins' production throughout the season has made the offense more balanced. Los Angeles had 14 rushes for 68 yards before he was injured. They had seven carries for 15 yards the rest of the game. Without Dobbins and a 14-13 deficit at halftime, the Chargers tried to count on Justin Herbert and the passing game to rally back. Herbert was 11 for 22 for 125 yards and sacked three times in the five drives after Dobbins' departure and didn't get back into the end zone until Gus Edwards' 1-yard run with 46 seconds remaining. Edwards will be counted on to be the lead back if Dobbins has to miss games. Edwards missed four games during the middle of the season because of an ankle injury and has 25 carries for 93 yards in three games since returning to the lineup. Hassan Haskins and rookie Kimani Vidal will be counted on to provide depth. “Obviously, I’m hoping J.K. is OK. Gus has been an awesome addition, being able to run and go and get some yards,” Herbert said. "We just got to stay with it. I think that offensive line has done a great job all year. It didn’t go our way today, but we’re going to keep pounding the ball and keep getting after it.” Dobbins' injury also could not come at a worse time for the Chargers. They are 7-4 and hold the sixth seed in the AFC, but have tough upcoming tests against playoff contenders Atlanta (6-5), Kansas City (10-1), Tampa Bay (5-6) and Denver (7-5) the next four weeks. Herbert on the run. Herbert has at four scrambles of at least 12 yards in the past five games and got his second rushing touchdown of the season on the opening drive with a 5-yard carry up the middle. Not giving up big-play touchdowns. Rashod Bateman's 40-yard touchdown late in the second quarter (which would have been pass interference on Kristian Fulton if it wasn't completed) marked the third straight game the Chargers allowed a passing TD of at least 40 yards. They had allowed only two in the first nine games. LB Joey Bosa had four tackles, his most since he had seven in Week 1 against the Raiders. Bosa missed three games earlier in the season because of a hip injury, but had only two tackles in the four games since his return until Monday night. WR Quentin Johnston is the second Chargers receiver since 2009 to be targeted at least five times and not have a catch according to Sportradar. Travis Benjamin also had five targets and no receptions against the Jets in 2017. Besides being held without a catch, Johnston had two critical drops during the second half. In addition to Dobbins, CB Eli Apple suffered a hamstring injury in the first half and did not return. CB Cam Hart was inactive because of an ankle injury and was in a walking boot. LB Denzel Perryman (groin) and TE Hayden Hurst (hip) were also inactive because of injuries. 57 — Points allowed by the Chargers in the past two games. They had given up 68 in their first five games after their bye week. 73 — Games it took for Herbert to reach 1,800 completions, tying him with Kansas City's Patrick Mahomes as the fastest players in NFL history to reach that mark. 6 — Games where Daiyan Henley has had double-digit tackles. The second-year linebacker had 10 tackles (four solo) on Monday night. The Chargers will make their second trip in three years to Atlanta on Sunday. They won the 2022 meeting in Week 9 when Cameron Dicker hit a 37-yard field goal on the last play of the game. Los Angeles is 2-0 against the NFC South this season and has a four-game winning streak against teams in the division. AP NFL: https://apnews.com/hub/NFLEvent-Record 160,000 People Apply for the 2025 Bank of America Chicago Marathon
Autodesk appoints Janesh Moorjani as chief financial officerBy Augusta Saraiva | Bloomberg US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election. Household net worth increased nearly $4.8 trillion, or 2.9% from the prior quarter, to $168.8 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings rose $3.8 trillion. The value of real estate eased by almost $200 billion after sizable advances in the first half of the year. In the third quarter, investors benefited from a stock-market rally in anticipation of interest-rate cuts from the Fed and that Donald Trump would return to the White House next year. Since his victory in the Nov. 5 election, the S&P 500 has climbed to new highs amid expectations that the president-elect will enact pro-business policies. Households have been the main driver behind robust economic growth in recent years, as healthy balance sheets and strong wage growth have supported resilient consumer spending. That said, economists generally expect a moderation in demand against a backdrop of still-elevated borrowing costs and a higher cost of living. The Fed’s report showed that consumers increased their borrowing at a faster pace last quarter, while business borrowing cooled. Business debt outstanding increased at a 3% annualized rate, while consumer non-mortgage credit rose at a 2.5% pace. Mortgage debt climbed 3.1% for a second quarter. In the public sector, state and local government debt grew at a slower rate. Household liquidity picked up to a record. Deposits held by households and nonprofit organizations, which includes savings and checking accounts and money market funds, rose by $379.5 billion to $18.9 trillion.
Piper Sandler reissued their overweight rating on shares of Old National Bancorp ( NASDAQ:ONB – Free Report ) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $27.00 price objective on the bank’s stock, up from their prior price objective of $23.00. Several other brokerages have also commented on ONB. Raymond James upgraded Old National Bancorp from a “market perform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday. Barclays boosted their price target on Old National Bancorp from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, StockNews.com raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.44. Check Out Our Latest Stock Report on ONB Old National Bancorp Stock Up 0.1 % Old National Bancorp ( NASDAQ:ONB – Get Free Report ) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $485.86 million during the quarter, compared to the consensus estimate of $482.20 million. Old National Bancorp had a net margin of 17.93% and a return on equity of 10.10%. Old National Bancorp’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Equities analysts predict that Old National Bancorp will post 1.84 EPS for the current year. Old National Bancorp Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, December 5th. Old National Bancorp’s payout ratio is currently 33.94%. Institutional Investors Weigh In On Old National Bancorp Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in Old National Bancorp by 1,766.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank’s stock worth $26,000 after purchasing an additional 1,325 shares in the last quarter. GAMMA Investing LLC grew its holdings in Old National Bancorp by 194.8% during the second quarter. GAMMA Investing LLC now owns 1,521 shares of the bank’s stock worth $26,000 after buying an additional 1,005 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Old National Bancorp in the 2nd quarter valued at $28,000. LRI Investments LLC purchased a new stake in Old National Bancorp in the 1st quarter valued at $48,000. Finally, Quest Partners LLC bought a new position in Old National Bancorp during the 3rd quarter valued at $91,000. Institutional investors and hedge funds own 83.66% of the company’s stock. About Old National Bancorp ( Get Free Report ) Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Featured Stories Five stocks we like better than Old National Bancorp How to Find Undervalued Stocks The Latest 13F Filings Are In: See Where Big Money Is Flowing What Are the FAANG Stocks and Are They Good Investments? 3 Penny Stocks Ready to Break Out in 2025 3 REITs to Buy and Hold for the Long Term FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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