Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
Nasdaq Stock Performance
Shares of NDAQ Stock opened at $193.78 on Thursday. The company has a market capitalization of $31.91 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 3.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50-day simple moving average of $165.37 and a 200 day simple moving average of $166.63. Nasdaq has a 52 week low of $140.31 and a 52 week high of $214.96.
Shares of Nasdaq are going to split on the morning of Monday, August 29th. The 3-1 split was announced on Wednesday, July 20th. The newly issued shares will be payable to shareholders after the closing bell on Friday, August 26th.
Nasdaq (NASDAQ:NDAQ - Get Rating) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.91 by $0.16. The business had revenue of $893.00 million during the quarter, compared to the consensus estimate of $881.86 million. Nasdaq had a net margin of 19.25% and a return on equity of 21.14%. Nasdaq's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 EPS. On average, sell-side analysts predict that Nasdaq will post 7.98 earnings per share for the current year.
Nasdaq Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, September 15th. Nasdaq's payout ratio is 35.45%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Nasdaq from $182.00 to $174.00 in a research report on Monday, June 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nasdaq from $188.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, August 12th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Thursday, July 21st. Rosenblatt Securities assumed coverage on shares of Nasdaq in a research report on Tuesday. They issued a "buy" rating and a $241.00 target price for the company. Finally, Credit Suisse Group raised their target price on shares of Nasdaq from $189.00 to $202.00 in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.18.
Insiders Place Their Bets
In other Nasdaq news, EVP Pc Nelson Griggs sold 980 shares of Nasdaq stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $189.11, for a total value of $185,327.80. Following the completion of the sale, the executive vice president now owns 55,036 shares in the company, valued at approximately $10,407,857.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nasdaq news, EVP Roland Chai sold 2,832 shares of Nasdaq stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $170.89, for a total value of $483,960.48. Following the completion of the sale, the executive vice president now owns 7,657 shares in the company, valued at approximately $1,308,504.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Pc Nelson Griggs sold 980 shares of Nasdaq stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $189.11, for a total transaction of $185,327.80. Following the completion of the sale, the executive vice president now owns 55,036 shares of the company's stock, valued at approximately $10,407,857.96. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,078,617 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.
