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

William Blair began coverage on shares of Nasdaq (NASDAQ:NDAQ) in a research note issued to investors 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.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Bank of America dropped their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, October 14th. Oppenheimer increased their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley boosted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Trading Up 0.5 %

NDAQ opened at $83.05 on Monday. 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 has a twelve month low of $53.62 and a twelve month high of $83.50. The stock has a market capitalization of $47.73 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 3.17 and a beta of 0.95. The company has a 50-day simple moving average of $75.47 and a 200 day simple moving average of $68.46.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that Nasdaq will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s payout ratio is 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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 directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

Institutional Trading of Nasdaq

Large investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Nasdaq by 38.6% in the third quarter. Tidal Investments LLC now owns 60,535 shares of the financial services provider’s stock worth $4,420,000 after acquiring an additional 16,868 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Nasdaq in the 3rd quarter worth $1,266,000. Sfmg LLC acquired a new stake in Nasdaq in the 3rd quarter valued at $207,000. World Investment Advisors LLC bought a new stake in Nasdaq during the 3rd quarter valued at $651,000. Finally, Sanctuary Advisors LLC raised its holdings in Nasdaq by 0.8% during the third quarter. Sanctuary Advisors LLC now owns 50,615 shares of the financial services provider’s stock worth $4,103,000 after buying an additional 410 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.