FY2024 Earnings Forecast for Nasdaq Issued By William Blair

Nasdaq, Inc. (NASDAQ:NDAQ) – Investment analysts at William Blair issued their FY2024 EPS estimates for shares of Nasdaq in a research report issued on Monday, November 25th. William Blair analyst J. Schmitt anticipates that the financial services provider will earn $2.78 per share for the year. William Blair currently 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.

NDAQ has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Piper Sandler increased their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. Bank of America dropped their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $83.05 on Wednesday. The firm has a market capitalization of $47.73 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12 month low of $53.62 and a 12 month high of $83.50. The business’s 50-day moving average price is $75.47 and its 200-day moving average price is $68.46.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Nasdaq

Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of Nasdaq in the 1st quarter worth $352,000. Price T Rowe Associates Inc. MD grew its position in Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares during the period. Janus Henderson Group PLC increased its holdings in Nasdaq by 108.5% during the first quarter. Janus Henderson Group PLC now owns 124,697 shares of the financial services provider’s stock valued at $7,863,000 after buying an additional 64,886 shares during the last quarter. California State Teachers Retirement System raised its position in Nasdaq by 0.5% in the first quarter. California State Teachers Retirement System now owns 527,582 shares of the financial services provider’s stock worth $33,290,000 after acquiring an additional 2,459 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Nasdaq by 24.5% during the 1st quarter. Tidal Investments LLC now owns 47,254 shares of the financial services provider’s stock worth $2,982,000 after acquiring an additional 9,290 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

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.