Q4 2023 EPS Estimates for Nasdaq, Inc. (NASDAQ:NDAQ) Increased by Analyst

Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) – Investment analysts at Zacks Research boosted their Q4 2023 earnings estimates for shares of Nasdaq in a research report issued to clients and investors on Wednesday, November 2nd. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $0.73 per share for the quarter, up from their prior estimate of $0.72. The consensus estimate for Nasdaq’s current full-year earnings is $2.68 per share. Zacks Research also issued estimates for Nasdaq’s Q1 2024 earnings at $0.70 EPS and Q2 2024 earnings at $0.71 EPS.

NDAQ has been the topic of a number of other reports. Atlantic Securities downgraded shares of Nasdaq from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $63.33 to $66.67 in a research report on Friday, August 19th. Credit Suisse Group downgraded shares of Nasdaq from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $57.00 in a research report on Wednesday, November 2nd. Bank of America downgraded shares of Nasdaq from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $65.00 to $58.00 in a research report on Friday, October 14th. StockNews.com assumed coverage on shares of Nasdaq in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Citigroup assumed coverage on shares of Nasdaq in a research report on Tuesday, October 11th. They issued a “neutral” rating and a $62.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.51.

Nasdaq Price Performance

Shares of NDAQ opened at $61.90 on Monday. Nasdaq has a fifty-two week low of $46.77 and a fifty-two week high of $71.65. The firm’s 50 day moving average price is $59.47 and its 200 day moving average price is $56.03. The company has a market cap of $30.41 billion, a P/E ratio of 27.11, a PEG ratio of 5.06 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.78.

Nasdaq (NASDAQ:NDAQ – Get Rating) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Nasdaq had a net margin of 18.72% and a return on equity of 22.08%. The firm had revenue of $890.00 million for the quarter, compared to the consensus estimate of $884.15 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis.

Hedge Funds Weigh In On Nasdaq

A number of large investors have recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC increased its holdings in shares of Nasdaq by 222.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 1,729,679 shares of the financial services provider’s stock valued at $98,037,000 after purchasing an additional 1,193,529 shares in the last quarter. Commerce Bank increased its holdings in shares of Nasdaq by 194.1% in the 3rd quarter. Commerce Bank now owns 1,145,179 shares of the financial services provider’s stock valued at $64,908,000 after purchasing an additional 755,790 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Nasdaq by 179.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,352 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 3,440 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Nasdaq by 236.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 721,166 shares of the financial services provider’s stock valued at $40,876,000 after acquiring an additional 507,001 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in Nasdaq by 258.6% during the 3rd quarter. Empirical Finance LLC now owns 8,424 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 6,075 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 2,100 shares of the firm’s stock in a transaction on Friday, October 21st. The shares were sold at an average price of $56.86, for a total value of $119,406.00. Following the completion of the sale, the executive vice president now owns 56,481 shares in the company, valued at approximately $3,211,509.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Pc Nelson Griggs sold 980 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $189.11, for a total value of $185,327.80. Following the completion of the transaction, the executive vice president now owns 55,036 shares in the company, valued at approximately $10,407,857.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,100 shares of the stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $56.86, for a total transaction of $119,406.00. Following the completion of the transaction, the executive vice president now owns 56,481 shares of the company’s stock, valued at approximately $3,211,509.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,880 shares of company stock worth $1,300,645. Company insiders own 0.68% of the company’s stock.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, December 1st. Nasdaq’s dividend payout ratio (DPR) is presently 35.04%.

Nasdaq Company Profile

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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.