Nasdaq, Inc. Expected to Post Q2 2024 Earnings of $0.63 Per Share (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - Zacks Research decreased their Q2 2024 EPS estimates for Nasdaq in a report issued on Thursday, May 16th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings per share of $0.63 for the quarter, down from their prior forecast of $0.66. The consensus estimate for Nasdaq's current full-year earnings is $2.69 per share. Zacks Research also issued estimates for Nasdaq's Q1 2025 earnings at $0.70 EPS, Q4 2025 earnings at $0.80 EPS and Q1 2026 earnings at $0.79 EPS.

A number of other research analysts have also recently weighed in on NDAQ. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Morgan Stanley upgraded shares of Nasdaq from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $59.00 to $80.00 in a report on Tuesday, April 9th. Keefe, Bruyette & Woods lowered their price target on Nasdaq from $75.00 to $74.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Rosenblatt Securities cut Nasdaq from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group raised Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 target price for the company in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $65.92.

Nasdaq Trading Up 0.9 %

Shares of NASDAQ NDAQ traded up $0.53 during midday trading on Friday, hitting $62.76. The stock had a trading volume of 2,359,535 shares, compared to its average volume of 3,109,058. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq has a 1-year low of $46.88 and a 1-year high of $64.25. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 3.32 and a beta of 0.94. The company has a fifty day moving average price of $61.05 and a 200 day moving average price of $57.50.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq's revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board grew its stake in Nasdaq by 48.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider's stock worth $20,828,000 after buying an additional 140,286 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider's stock valued at $21,715,000 after purchasing an additional 43,910 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider's stock valued at $24,134,000 after purchasing an additional 46,957 shares during the last quarter. Braun Stacey Associates Inc. boosted its stake in Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider's stock valued at $21,250,000 after purchasing an additional 83,227 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Nasdaq by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider's stock valued at $135,396,000 after purchasing an additional 40,215 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of the company'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 transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares of the company's stock, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq 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 completion of the transaction, the insider now directly owns 58,341,545 shares of the company's stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,010,436 shares of company stock valued at $1,798,647,360. 0.75% of the stock is currently owned by corporate insiders.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Nasdaq's previous quarterly dividend of $0.22. Nasdaq's dividend payout ratio (DPR) is presently 46.32%.

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.