Nasdaq (NASDAQ:NDAQ) Earns Outperform Rating from Analysts at William Blair

William Blair began coverage on shares of Nasdaq (NASDAQ:NDAQ) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued an outperform rating on the financial services provider’s stock. William Blair also issued estimates for Nasdaq’s Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $2.78 EPS, FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.50 EPS.

A number of other research firms have also recently weighed in on NDAQ. UBS Group upped their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Argus upped their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Oppenheimer increased their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Trading Up 0.5 %

Nasdaq stock opened at $83.05 on Monday. Nasdaq has a 12 month low of $53.62 and a 12 month high of $83.50. The stock has a market cap of $47.73 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. The business has a 50 day moving average price of $75.67 and a two-hundred day moving average price of $68.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. As a group, equities analysts forecast that Nasdaq will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Nasdaq by 12.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after purchasing an additional 57,900 shares during the last quarter. Swedbank AB acquired a new position in shares of Nasdaq during the 1st quarter worth about $2,595,000. Diversified Trust Co grew its position in shares of Nasdaq by 45.2% during the 2nd quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after buying an additional 8,974 shares during the period. Cetera Investment Advisers increased its stake in shares of Nasdaq by 52.7% in the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after acquiring an additional 10,427 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in shares of Nasdaq by 8.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock valued at $18,295,000 after acquiring an additional 23,557 shares during the period. 72.47% of the stock is owned by institutional investors.

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.