Nasdaq Inc (NASDAQ:NDAQ) – Equities researchers at Jefferies Group boosted their FY2017 earnings estimates for shares of Nasdaq in a report issued on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will earn $4.20 per share for the year, up from their prior forecast of $4.16. Jefferies Group has a “Hold” rating and a $83.50 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q3 2018 earnings at $1.25 EPS and Q4 2018 earnings at $1.28 EPS.
A number of other equities analysts have also recently issued reports on the stock. Bank of America cut shares of Nasdaq from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Citigroup boosted their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Barclays cut their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $81.23.
Nasdaq (NASDAQ:NDAQ) opened at $80.42 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market cap of $13,535.81, a PE ratio of 52.91, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Nasdaq has a 52-week low of $65.98 and a 52-week high of $82.15.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share.
Several large investors have recently modified their holdings of NDAQ. Vanguard Group Inc. grew its position in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after acquiring an additional 208,253 shares during the last quarter. Bessemer Group Inc. grew its position in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after buying an additional 67,975 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Nasdaq by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock valued at $171,614,000 after purchasing an additional 151,864 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Nasdaq by 1.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock valued at $96,957,000 after purchasing an additional 16,264 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in shares of Nasdaq by 14.8% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 867,163 shares of the financial services provider’s stock valued at $61,993,000 after purchasing an additional 111,875 shares in the last quarter. 75.97% of the stock is currently owned by institutional investors.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.89%. Nasdaq’s dividend payout ratio is currently 100.00%.
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Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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