What is William Blair’s Estimate for Nasdaq FY2024 Earnings?

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities researchers at William Blair increased their FY2024 earnings estimates for Nasdaq in a note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $2.80 for the year, up from their prior estimate of $2.78. William Blair 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 $0.74 EPS.

A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 9th. UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Raymond James lifted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $76.98 on Wednesday. The firm’s fifty day simple moving average is $79.29 and its 200-day simple moving average is $73.12. The stock has a market capitalization of $44.24 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 3.12 and a beta of 0.98. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Verity & Verity LLC grew its holdings in shares of Nasdaq by 26.2% during the 4th quarter. Verity & Verity LLC now owns 9,687 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 2,013 shares during the period. Brooklyn Investment Group grew its holdings in shares of Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares during the period. Whitener Capital Management Inc. grew its holdings in shares of Nasdaq by 4.2% during the 4th quarter. Whitener Capital Management Inc. now owns 11,717 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 469 shares during the period. Avanza Fonder AB purchased a new stake in shares of Nasdaq during the 4th quarter worth about $2,459,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nasdaq by 325.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,170 shares of the financial services provider’s stock worth $1,869,000 after purchasing an additional 18,490 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by insiders.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

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.