Nasdaq (NDAQ) Scheduled to Post Earnings on Wednesday

Nasdaq (NASDAQ:NDAQ - Get Free Report) will be issuing its quarterly earnings data on Wednesday, April 17th. Investors interested in listening to the company's conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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. 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 analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.64 EPS. The business's revenue was up 21.4% on a year-over-year basis. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Price Performance

Shares of Nasdaq stock traded down $0.16 on Tuesday, hitting $60.03. The company's stock had a trading volume of 2,825,746 shares, compared to its average volume of 3,145,088. Nasdaq has a 52-week low of $46.88 and a 52-week high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $59.24 and a 200-day moving average price of $55.90. The company has a market capitalization of $34.53 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.80 and a beta of 0.93.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.47%. Nasdaq's dividend payout ratio is presently 41.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on NDAQ. The Goldman Sachs Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. Rosenblatt Securities reissued a "buy" rating and issued a $82.00 target price on shares of Nasdaq in a research note on Thursday, February 1st. UBS Group upped their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Piper Sandler upped their price objective on shares of Nasdaq from $70.00 to $71.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Finally, Edward Jones began coverage on shares of Nasdaq in a research 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.09.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of 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 accessible through the SEC website. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated 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 sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction 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.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Nasdaq by 2.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 459,100 shares of the financial services provider's stock valued at $26,693,000 after purchasing an additional 8,809 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq during the fourth quarter worth about $25,000. SageView Advisory Group LLC acquired a new position in Nasdaq during the fourth quarter worth about $259,000. GSA Capital Partners LLP acquired a new position in Nasdaq during the fourth quarter worth about $1,583,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Nasdaq by 1.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 147,400 shares of the financial services provider's stock worth $8,570,000 after acquiring an additional 2,507 shares during the period. 72.47% of the stock is currently owned by institutional investors.

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.