Nasdaq Inc (NASDAQ:NDAQ) – Analysts at Jefferies Group lowered their Q2 2018 earnings estimates for Nasdaq in a research report issued to clients and investors on Tuesday, April 10th, according to Zacks Investment Research. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.22. Jefferies Group has a “Hold” rating and a $83.50 price target on the stock. Jefferies Group also issued estimates for Nasdaq’s Q3 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $4.79 EPS and FY2019 earnings at $5.26 EPS.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The firm had revenue of $635.00 million during the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. Nasdaq’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share.
A number of other research analysts have also recently weighed in on NDAQ. Wells Fargo raised their price target on Nasdaq from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, March 29th. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Deutsche Bank raised their price target on Nasdaq from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 6th. Raymond James raised their price target on Nasdaq from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Finally, BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.04.
NASDAQ:NDAQ opened at $86.94 on Friday. The firm has a market capitalization of $14,265.83, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.88 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Nasdaq has a 1 year low of $65.98 and a 1 year high of $87.23.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 14th. Nasdaq’s dividend payout ratio (DPR) is presently 37.44%.
Nasdaq declared that its board has authorized a stock repurchase plan on Monday, January 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Nasdaq news, insider Edward S. Knight sold 13,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $79.41, for a total value of $1,048,212.00. Following the sale, the insider now directly owns 73,569 shares of the company’s stock, valued at approximately $5,842,114.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charlene T. Begley sold 4,017 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $81.37, for a total value of $326,863.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,668 shares of company stock worth $1,895,994. 0.40% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Elkfork Partners LLC acquired a new stake in Nasdaq in the 4th quarter worth about $620,000. Xact Kapitalforvaltning AB lifted its stake in shares of Nasdaq by 4.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,564 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 1,543 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Nasdaq by 71.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 2,200 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $2,766,000. Finally, Gotham Asset Management LLC lifted its stake in shares of Nasdaq by 8.4% in the 4th quarter. Gotham Asset Management LLC now owns 26,586 shares of the financial services provider’s stock valued at $2,043,000 after purchasing an additional 2,053 shares in the last quarter. 76.49% of the stock is currently owned by hedge funds and other institutional investors.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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