Nasdaq, Inc. (NASDAQ: NDAQ – Get Rating) – Equities researchers at Jefferies Financial Group lowered their Q2 2022 earnings estimates for shares of Nasdaq in a report issued on Monday, June 27th. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $ 1.90 per share for the quarter, down from their previous forecast of $ 1.91. The consensus estimate for Nasdaq’s current full-year earnings is $ 7.94 per share. Jefferies Financial Group also issued estimates for Nasdaq’s Q2 2023 earnings at $ 2.05 EPS and Q3 2023 earnings at $ 2.04 EPS.
Several other equities research analysts have also recently issued reports on NDAQ. Citigroup lowered their price objective on shares of Nasdaq from $ 188.00 to $ 184.00 in a research report on Wednesday, April 13th. Morgan Stanley lowered their price objective on shares of Nasdaq from $ 245.00 to $ 239.00 and set an “overweight” rating for the company in a research report on Thursday, April 21st. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Rosenblatt Securities boosted their price target on shares of Nasdaq from $ 199.00 to $ 204.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nasdaq from $ 207.00 to $ 184.00 in a research report on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company stock. According to data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average price target of $ 209.08.
Shares of NASDAQ: NDAQ opened at $ 154.66 on Tuesday. The company has a market capitalization of $ 25.47 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.04 and a beta of 0.94. Nasdaq has a 12 month low of $ 140.31 and a 12 month high of $ 214.96. The firm’s 50-day moving average is $ 153.28 and its 200 day moving average is $ 172.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80.
Nasdaq (NASDAQ: NDAQ – Get Rating) last posted its earnings results on Wednesday, April 20th. The financial services provider reported $ 1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.93 by $ 0.04. The firm had revenue of $ 892.00 million for the quarter, compared to the estimate consensus of $ 892.18 million. Nasdaq had a net margin of 20.31% and a return on equity of 20.05%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $ 1.96 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a $ 0.60 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $ 2.40 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Nasdaq’s previous quarterly dividend of $ 0.54. Nasdaq’s payout ratio is 34.43%.
In related news, EVP Pc Nelson Griggs sold 500 shares of Nasdaq stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $ 161.64, for a total value of $ 80,820.00. Following the completion of the transaction, the executive vice president now owns 35,086 shares in the company, valued at $ 5,671,301.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 1,400 shares of Nasdaq stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $ 160.00, for a total transaction of $ 224,000.00. Following the completion of the transaction, the executive vice president now owns 21,504 shares of the company stock, valued at approximately $ 3,440,640. The disclosure for this sale can be found here. Insiders own 0.60% of the company stock.
Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Nasdaq by 1.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 688,191 shares of the financial services provider’s stock valued at $ 144,527,000 after purchasing an additional 11,973 shares during the last quarter. TKG Advisors LLC purchased a new stake in Nasdaq in the 4th quarter valued at $ 1,560,000. Illinois Municipal Retirement Fund raised its position in Nasdaq by 17.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 5,760 shares of the financial services provider’s stock valued at $ 1,210,000 after purchasing an additional 857 shares during the last quarter. Russell Investments Group Ltd. raised its position in Nasdaq by 131.2% in the 4th quarter. Russell Investments Group Ltd. now owns 72,983 shares of the financial services provider’s stock valued at $ 15,276,000 after purchasing an additional 41,415 shares during the last quarter. Finally, Amalgamated Bank raised its position in Nasdaq by 4.6% in the 4th quarter. Amalgamated Bank now owns 33,802 shares of the financial services provider’s stock valued at $ 7,099,000 after purchasing an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company stock.
Nasdaq Company Profile: (Get Rating)
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.
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