Nasdaq, Inc. (NASDAQ:NDAQ) released its quarterly earnings data on Wednesday. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06, Morningstar.com reports. The firm had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share.
Nasdaq (NASDAQ NDAQ) traded up 0.168% during trading on Thursday, hitting $74.575. 310,760 shares of the stock were exchanged. The stock’s 50-day moving average price is $71.25 and its 200-day moving average price is $69.67. Nasdaq has a 12-month low of $63.30 and a 12-month high of $75.23. The firm has a market cap of $12.32 billion, a PE ratio of 86.917 and a beta of 0.76.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 183.13%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tompkins Financial Corp purchased a new position in shares of Nasdaq during the first quarter valued at approximately $143,000. Pacer Advisors Inc. boosted its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. purchased a new position in shares of Nasdaq during the first quarter valued at approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after buying an additional 161 shares during the last quarter. Institutional investors own 75.50% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/07/28/nasdaq-inc-nasdaqndaq-issues-earnings-results-beats-expectations-by-0-06-eps.html.
A number of analysts recently commented on the stock. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $71.00 price objective on shares of Nasdaq in a report on Thursday, March 30th. Jefferies Group LLC reissued a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Evercore ISI reissued an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Finally, Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.36.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.