Zacks Research Analysts Raise Earnings Estimates for Nasdaq, Inc. (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - Analysts at Zacks Research raised their Q4 2024 earnings estimates for Nasdaq in a note issued to investors on Wednesday, April 17th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $0.74 per share for the quarter, up from their prior forecast of $0.73. The consensus estimate for Nasdaq's current full-year earnings is $2.75 per share. Zacks Research also issued estimates for Nasdaq's Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.05 EPS and FY2026 earnings at $3.43 EPS.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 price objective on the stock in a report on Tuesday, March 26th. Barclays assumed coverage on Nasdaq in a research note on Thursday, April 11th. They issued an "overweight" rating and a $76.00 target price for the company. UBS Group raised their price objective on Nasdaq from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Oppenheimer raised their price objective on Nasdaq from $65.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Finally, Citigroup raised their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $67.09.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.06 during midday trading on Thursday, reaching $60.07. 2,348,948 shares of the company's stock traded hands, compared to its average volume of 3,130,118. Nasdaq has a 1 year low of $46.88 and a 1 year high of $64.25. The company has a market cap of $34.55 billion, a P/E ratio of 28.44, a PEG ratio of 2.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day simple moving average of $59.30 and a two-hundred day simple moving average of $55.93.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.64 EPS. Nasdaq's quarterly revenue was up 21.4% on a year-over-year basis.

Institutional Trading of Nasdaq

Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in Nasdaq by 48.7% during the third quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider's stock worth $20,828,000 after purchasing an additional 140,286 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Nasdaq by 10.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider's stock worth $21,715,000 after purchasing an additional 43,910 shares in the last quarter. ING Groep NV lifted its position in shares of Nasdaq by 6.9% in the third quarter. ING Groep NV now owns 53,838 shares of the financial services provider's stock valued at $2,616,000 after acquiring an additional 3,455 shares in the last quarter. Braun Stacey Associates Inc. lifted its position in shares of Nasdaq by 29.5% in the fourth quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider's stock valued at $21,250,000 after acquiring an additional 83,227 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Nasdaq by 1.8% in the fourth quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider's stock valued at $135,396,000 after acquiring an additional 40,215 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares of the company's stock, valued at $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq's payout ratio is presently 41.71%.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.