Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - Investment analysts at Zacks Research increased their Q3 2024 earnings estimates for shares of Nasdaq in a note issued to investors on Wednesday, April 17th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $0.69 for the quarter, up from their previous estimate of $0.68. The consensus estimate for Nasdaq's current full-year earnings is $2.75 per share. Zacks Research also issued estimates for Nasdaq's FY2024 earnings at $2.71 EPS and Q2 2025 earnings at $0.76 EPS.
A number of other equities analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Nasdaq from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $59.00 to $80.00 in a report on Tuesday, April 9th. Oppenheimer increased their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. UBS Group increased their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. Citigroup increased their price target on shares of Nasdaq from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, January 12th. Finally, Edward Jones began coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They set a "buy" rating for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.09.
Check Out Our Latest Research Report on Nasdaq
Nasdaq Price Performance
Shares of NDAQ traded up $0.28 during trading hours on Friday, reaching $60.35. The company had a trading volume of 3,082,573 shares, compared to its average volume of 3,129,507. The firm has a 50 day simple moving average of $59.43 and a 200-day simple moving average of $56.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.73 and a beta of 0.93. Nasdaq has a 12-month low of $46.88 and a 12-month high of $64.25.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business's revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS.
Institutional Investors Weigh In On Nasdaq
A number of institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC grew its holdings in Nasdaq by 4.5% in the first quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 74 shares during the period. Horizon Investments LLC grew its holdings in Nasdaq by 8.3% in the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider's stock valued at $200,000 after purchasing an additional 86 shares during the period. Brinker Capital Investments LLC grew its holdings in Nasdaq by 0.4% in the first quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider's stock valued at $5,247,000 after purchasing an additional 106 shares during the period. Advisors Asset Management Inc. grew its stake in Nasdaq by 1.7% during the first quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider's stock worth $1,273,000 after buying an additional 120 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Nasdaq by 10.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider's stock worth $207,000 after buying an additional 130 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company's stock, valued at $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company's stock, valued at $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company's stock, valued at approximately $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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq's dividend payout ratio is presently 41.71%.
About Nasdaq
(
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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.
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