Q3 2024 EPS Estimates for Nasdaq, Inc. (NASDAQ:NDAQ) Raised by Analyst

Nasdaq, Inc. (NASDAQ:NDAQ) – Stock analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of Nasdaq in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst T. De now expects that the financial services provider will post earnings per share of $0.69 for the quarter, up from their prior forecast 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.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Tuesday, March 26th. Citigroup raised their target price on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Rosenblatt Securities reiterated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a report on Thursday, February 1st. Oppenheimer raised their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, UBS Group raised their target price on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Stock Performance

Nasdaq stock opened at $60.07 on Friday. The stock’s 50-day moving average is $59.37 and its 200-day moving average is $55.96. The company has a market cap of $34.55 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq has a 12 month low of $46.88 and a 12 month high of $64.25.

Institutional Trading of Nasdaq

Several hedge funds have recently made changes to their positions in NDAQ. RB Capital Management LLC lifted its holdings in shares of Nasdaq by 15.9% in the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 448 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Nasdaq by 10.2% in the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 205 shares during the last quarter. Raymond James Trust N.A. raised its stake in Nasdaq by 14.1% during the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 487 shares in the last quarter. Sei Investments Co. raised its stake in Nasdaq by 8.4% during the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after acquiring an additional 10,623 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Nasdaq by 32.0% during the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after acquiring an additional 76,603 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The stock was 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 in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of the firm’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 value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 1.46%. Nasdaq’s payout ratio is 41.71%.

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.