Nasdaq, Inc. (NASDAQ:NDAQ) – Investment analysts at Piper Sandler lifted their Q1 2021 earnings per share estimates for Nasdaq in a research report issued on Friday, February 12th. Piper Sandler analyst R. Repetto now expects that the financial services provider will post earnings per share of $1.66 for the quarter, up from their prior estimate of $1.64. Piper Sandler also issued estimates for Nasdaq’s FY2021 earnings at $6.28 EPS, Q2 2022 earnings at $1.61 EPS, Q3 2022 earnings at $1.65 EPS, Q4 2022 earnings at $1.69 EPS and FY2022 earnings at $6.53 EPS.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 27th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.15. Nasdaq had a net margin of 17.41% and a return on equity of 17.15%. The business had revenue of $788.00 million during the quarter, compared to analysts’ expectations of $751.65 million. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis.
A number of other research analysts have also recently weighed in on the stock. Loop Capital upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, November 20th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Tuesday, January 19th. Keefe, Bruyette & Woods upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $141.00 to $143.50 in a report on Friday, November 20th. Wells Fargo & Company lifted their price objective on shares of Nasdaq from $150.00 to $155.00 in a report on Tuesday, December 15th. Finally, Rosenblatt Securities lifted their price objective on shares of Nasdaq from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, February 1st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.03.
Shares of NDAQ opened at $141.99 on Monday. Nasdaq has a 1-year low of $71.66 and a 1-year high of $145.40. The stock has a market cap of $23.29 billion, a PE ratio of 26.01, a P/E/G ratio of 2.59 and a beta of 0.77. The firm has a 50-day simple moving average of $138.19 and a two-hundred day simple moving average of $130.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.16.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $1.96 dividend on an annualized basis and a yield of 1.38%. Nasdaq’s dividend payout ratio is currently 39.20%.
In other news, EVP Lars Ottersgard sold 6,215 shares of the business’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $142.60, for a total transaction of $886,259.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $130.00, for a total transaction of $130,000.00. The disclosure for this sale can be found here. Insiders sold 16,022 shares of company stock valued at $2,265,308 in the last quarter. 0.60% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Nasdaq by 3.4% during the 3rd quarter. BlackRock Inc. now owns 8,009,906 shares of the financial services provider’s stock worth $982,894,000 after buying an additional 264,862 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Nasdaq by 2.4% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,361,442 shares of the financial services provider’s stock worth $167,064,000 after buying an additional 31,390 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Nasdaq by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 992,778 shares of the financial services provider’s stock worth $131,783,000 after buying an additional 56,531 shares during the last quarter. Pendal Group Limited lifted its position in shares of Nasdaq by 0.8% during the 3rd quarter. Pendal Group Limited now owns 820,534 shares of the financial services provider’s stock worth $100,688,000 after buying an additional 6,742 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Nasdaq by 5.9% during the 4th quarter. Handelsbanken Fonder AB now owns 642,931 shares of the financial services provider’s stock worth $85,343,000 after buying an additional 35,600 shares during the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The company’s Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.
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