Q1 2018 EPS Estimates for Nasdaq, Inc. (NDAQ) Cut by Jefferies Group

Nasdaq, Inc. (NASDAQ:NDAQ) – Investment analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for Nasdaq in a note issued to investors on Monday. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings of $1.05 per share for the quarter, down from their previous estimate of $1.09. Jefferies Group has a “Hold” rating and a $71.00 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q2 2018 earnings at $1.12 EPS and FY2018 earnings at $4.45 EPS.

Other analysts have also recently issued research reports about the company. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price for the company. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Finally, UBS AG reiterated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus price target of $76.50.

COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Nasdaq, Inc. (NDAQ) Cut by Jefferies Group” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/q1-2018-eps-estimates-for-nasdaq-inc-ndaq-cut-by-jefferies-group.html.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 1.93% during mid-day trading on Wednesday, hitting $73.16. The stock had a trading volume of 908,190 shares. Nasdaq has a 12 month low of $63.30 and a 12 month high of $78.31. The company has a market cap of $12.20 billion, a PE ratio of 55.59 and a beta of 0.77. The stock’s 50-day moving average is $75.55 and its 200 day moving average is $72.11.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS.

A number of institutional investors have recently made changes to their positions in NDAQ. YorkBridge Wealth Partners LLC boosted its stake in Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $201,000. IFP Advisors Inc lifted its stake in shares of Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares during the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $214,000. 74.44% of the stock is owned by institutional investors.

In related news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s payout ratio is presently 118.75%.

Nasdaq Company Profile

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 segm

Nasdaq, Inc. (NASDAQ:NDAQ) – Investment analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for Nasdaq in a note issued to investors on Monday. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings of $1.05 per share for the quarter, down from their previous estimate of $1.09. Jefferies Group has a “Hold” rating and a $71.00 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q2 2018 earnings at $1.12 EPS and FY2018 earnings at $4.45 EPS.

Other analysts have also recently issued research reports about the company. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price for the company. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Finally, UBS AG reiterated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus price target of $76.50.

COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Nasdaq, Inc. (NDAQ) Cut by Jefferies Group” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/q1-2018-eps-estimates-for-nasdaq-inc-ndaq-cut-by-jefferies-group.html.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 1.93% during mid-day trading on Wednesday, hitting $73.16. The stock had a trading volume of 908,190 shares. Nasdaq has a 12 month low of $63.30 and a 12 month high of $78.31. The company has a market cap of $12.20 billion, a PE ratio of 55.59 and a beta of 0.77. The stock’s 50-day moving average is $75.55 and its 200 day moving average is $72.11.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS.

A number of institutional investors have recently made changes to their positions in NDAQ. YorkBridge Wealth Partners LLC boosted its stake in Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $201,000. IFP Advisors Inc lifted its stake in shares of Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares during the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $214,000. 74.44% of the stock is owned by institutional investors.

In related news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s payout ratio is presently 118.75%.

Nasdaq Company Profile

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 and Estimates for Nasdaq (NASDAQ:NDAQ)

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