Nasdaq (NDAQ) Scheduled to Post Earnings on Wednesday

Nasdaq (NASDAQ:NDAQ) is scheduled to be posting its quarterly earnings results on Wednesday, April 17th.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.64 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Stock Down 2.2 %

NASDAQ:NDAQ opened at $60.19 on Tuesday. Nasdaq has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $34.62 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.80 and a beta of 0.93. The stock’s fifty day simple moving average is $59.17 and its 200-day simple moving average is $55.82.

Nasdaq Dividend Announcement

The business also recently declared 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 dividend payout ratio is currently 41.71%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated 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 sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were 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 of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of the stock. Hobbs Group Advisors LLC bought a new position in Nasdaq during the fourth quarter worth about $25,000. Mango Five Family Inc. bought a new position in Nasdaq during the fourth quarter worth about $31,000. Harbour Investments Inc. grew its holdings in Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the period. Clear Street Markets LLC grew its holdings in Nasdaq by 93.9% during the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 322 shares during the period. Finally, MUFG Americas Holdings Corp grew its holdings in Nasdaq by 121.3% during the third quarter. MUFG Americas Holdings Corp now owns 1,215 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 666 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of several recent research reports. Edward Jones initiated coverage on Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Oppenheimer raised their price target on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, March 26th. Citigroup raised their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Finally, Barclays started coverage on Nasdaq in a research note on Thursday, April 11th. They set an “overweight” rating and a $76.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $67.09.

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.