Nasdaq (NDAQ) Set to Announce Quarterly Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

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

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $60.01 on Thursday. The company has a market cap of $34.52 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $59.30 and a 200 day simple moving average of $55.93. Nasdaq has a one year low of $46.88 and a one year high of $64.25.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.47%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is currently 41.71%.

Insider Activity

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on 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 transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly 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. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Several institutional investors have recently added to or reduced their stakes in NDAQ. CENTRAL TRUST Co increased its stake in shares of Nasdaq by 238.2% in the 3rd quarter. CENTRAL TRUST Co now owns 3,558 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 2,506 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Nasdaq by 162.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,570 shares of the financial services provider’s stock worth $202,000 after buying an additional 2,210 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Nasdaq by 8.3% in the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after buying an additional 86 shares during the last quarter. Covestor Ltd lifted its holdings in Nasdaq by 132.1% during the first quarter. Covestor Ltd now owns 745 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 424 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Nasdaq by 224.1% during the third quarter. Clearstead Advisors LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NDAQ. Piper Sandler lifted their target price on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Citigroup lifted their target price on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Barclays initiated coverage on shares of Nasdaq in a research note on Thursday, April 11th. They set an “overweight” rating and a $76.00 target price for the company. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.