FY2024 Earnings Estimate for Nasdaq Issued By William Blair

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - William Blair raised their FY2024 earnings estimates for shares of Nasdaq in a research report issued to clients and investors on Monday, January 13th. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings of $2.80 per share for the year, up from their previous forecast of $2.78. William Blair has a "Outperform" rating on the stock. The consensus estimate for Nasdaq's current full-year earnings is $2.79 per share. William Blair also issued estimates for Nasdaq's Q4 2024 earnings at $0.74 EPS.

Several other equities analysts have also commented on the stock. Barclays decreased their price objective on shares of Nasdaq from $97.00 to $96.00 and set an "overweight" rating on the stock in a report on Monday. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Citigroup boosted their price objective on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, January 10th. TD Cowen dropped their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a report on Monday, October 28th. Finally, Piper Sandler increased their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and a consensus price target of $85.73.

Nasdaq Trading Up 1.0 %

NASDAQ NDAQ traded up $0.73 during trading hours on Wednesday, reaching $76.98. The company had a trading volume of 2,180,418 shares, compared to its average volume of 2,716,560. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $44.24 billion, a P/E ratio of 46.10, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The stock has a 50-day moving average of $79.29 and a 200 day moving average of $73.12. Nasdaq has a 1-year low of $54.90 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company's quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of NDAQ. Founders Capital Management purchased a new position in Nasdaq during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the third quarter worth about $27,000. Claro Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at about $33,000. Focused Wealth Management Inc acquired a new stake in Nasdaq in the third quarter valued at about $35,000. Finally, Peterson Financial Group Inc. purchased a new stake in Nasdaq in the 3rd quarter valued at approximately $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company's stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 in the last 90 days. Company insiders own 0.70% of the company's stock.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.25%. Nasdaq's dividend payout ratio (DPR) is 57.49%.

About Nasdaq

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.