FY2024 Earnings Estimate for Nasdaq Issued By William Blair

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at William Blair issued their FY2024 EPS estimates for Nasdaq in a research note issued on Monday, November 25th. William Blair analyst J. Schmitt anticipates that the financial services provider will post earnings of $2.78 per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Nasdaq’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Nasdaq’s Q4 2024 earnings at $0.72 EPS, FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.50 EPS.

Several other analysts also recently issued reports on NDAQ. Piper Sandler lifted their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. UBS Group lifted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. 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 research report on Thursday, October 3rd. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $83.05 on Wednesday. The company has a market capitalization of $47.73 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 3.17 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $75.47 and its 200-day simple moving average is $68.46. Nasdaq has a 52 week low of $53.62 and a 52 week high of $83.50.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $0.71 EPS. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in Nasdaq by 38.6% during the 3rd 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 purchased a new stake in shares of Nasdaq in the 3rd quarter worth approximately $1,266,000. Sfmg LLC bought a new position in shares of Nasdaq during the third quarter valued at approximately $207,000. World Investment Advisors LLC bought a new position in Nasdaq in the third quarter worth approximately $651,000. Finally, Sanctuary Advisors LLC lifted 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 period. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 in the last quarter. 0.70% of the stock is owned by company insiders.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.24 per share. 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%.

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.