Nasdaq, Inc. (NASDAQ:NDAQ) Issues Earnings Results, Beats Expectations By $0.06 EPS

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.

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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.

About Nasdaq

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.

Earnings History for Nasdaq (NASDAQ:NDAQ)

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