William Blair Issues Optimistic Estimate for Nasdaq Earnings

Key Points

• William Blair has raised its Q3 2025 earnings per share estimate for Nasdaq to $0.81, indicating optimism in the company's financial performance.
• Nasdaq's most recent earnings report revealed $0.85 EPS, surpassing expectations, with revenue increasing by 12.7% year-over-year.
• Several analysts have issued positive ratings and raised their price targets for Nasdaq, with a consensus rating of "Moderate Buy" and a target price of $96.63.

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - William Blair lifted their Q3 2025 earnings per share estimates for Nasdaq in a note issued to investors on Thursday, July 24th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $0.81 for the quarter, up from their prior estimate of $0.80. The consensus estimate for Nasdaq's current full-year earnings is $3.18 per share. William Blair also issued estimates for Nasdaq's FY2025 earnings at $3.30 EPS, FY2026 earnings at $3.65 EPS, Q1 2027 earnings at $0.96 EPS, Q2 2027 earnings at $1.00 EPS and FY2027 earnings at $4.10 EPS.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.69 EPS. Nasdaq's revenue for the quarter was up 12.7% compared to the same quarter last year.

Several other research analysts also recently commented on NDAQ. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Morgan Stanley upped their price objective on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

Nasdaq Stock Up 1.4%

NASDAQ:NDAQ opened at $94.84 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq has a twelve month low of $64.33 and a twelve month high of $95.49. The stock's 50 day moving average price is $86.87 and its two-hundred day moving average price is $80.64. The firm has a market capitalization of $54.45 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.25 and a beta of 1.01.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Nasdaq's payout ratio is 49.09%.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the transaction, the executive vice president owned 94,656 shares in the company, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock worth $1,874,659 in the last 90 days. Corporate insiders own 0.70% of the company's stock.

Institutional Trading of Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC increased its position in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 120 shares during the last quarter. Vestcor Inc boosted its stake in Nasdaq by 1.6% during the first quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock valued at $669,000 after buying an additional 141 shares during the period. Sax Wealth Advisors LLC boosted its stake in Nasdaq by 0.5% during the first quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock valued at $2,282,000 after buying an additional 144 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in Nasdaq by 1.0% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after purchasing an additional 157 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after purchasing an additional 164 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other 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.

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