Nasdaq (NASDAQ:NDAQ) Coverage Initiated by Analysts at William Blair

William Blair assumed coverage on shares of Nasdaq (NASDAQ:NDAQ) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued an outperform rating on the financial services provider’s stock. William Blair also issued estimates for Nasdaq’s Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $2.78 EPS, FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.50 EPS.

Other equities research analysts have also recently issued reports about the stock. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. Oppenheimer upped their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays lifted their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, TD Cowen reduced their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Trading Up 0.5 %

NASDAQ NDAQ opened at $83.05 on Monday. Nasdaq has a one year low of $53.62 and a one year high of $83.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $47.73 billion, a P/E ratio of 49.73, a P/E/G ratio of 3.17 and a beta of 0.95. The stock’s 50-day moving average is $75.67 and its 200-day moving average is $68.56.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company posted $0.71 EPS. The business’s quarterly revenue was up 21.9% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % 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 valued at $3,811,808 in the last quarter. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Institutional investors and hedge funds have recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the period. First Pacific Financial lifted its holdings in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares during the period. Kentucky Retirement Systems grew its stake in shares of Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 154 shares in the last quarter. Finally, Signaturefd LLC increased its position in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Company Profile

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.