Nasdaq (NASDAQ:NDAQ) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Nasdaq (NASDAQ:NDAQGet Rating) released its quarterly earnings results on Wednesday. The financial services provider reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.02, MarketWatch Earnings reports. The firm had revenue of $892.00 million during the quarter, compared to analyst estimates of $892.18 million. Nasdaq had a return on equity of 19.78% and a net margin of 20.14%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS.

Shares of NASDAQ NDAQ traded down $6.49 during trading on Wednesday, reaching $174.55. The stock had a trading volume of 5,347 shares, compared to its average volume of 930,748. Nasdaq has a fifty-two week low of $156.72 and a fifty-two week high of $214.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day moving average price is $175.11 and its 200-day moving average price is $190.19. The company has a market cap of $28.70 billion, a P/E ratio of 25.68, a PEG ratio of 1.87 and a beta of 0.90.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.60 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.54. This represents a $2.40 annualized dividend and a yield of 1.37%. Nasdaq’s dividend payout ratio (DPR) is 30.64%.

In related news, EVP Lauren B. Dillard sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $180.00, for a total transaction of $450,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 7,500 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $163.79, for a total value of $1,228,425.00. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of NDAQ. Wells Fargo & Company MN raised its stake in Nasdaq by 5.2% during the 4th quarter. Wells Fargo & Company MN now owns 554,374 shares of the financial services provider’s stock valued at $116,424,000 after acquiring an additional 27,365 shares during the last quarter. Forum Financial Management LP purchased a new stake in Nasdaq during the 4th quarter valued at approximately $399,000. NewEdge Advisors LLC raised its stake in Nasdaq by 80.1% during the 4th quarter. NewEdge Advisors LLC now owns 7,683 shares of the financial services provider’s stock valued at $1,614,000 after acquiring an additional 3,417 shares during the last quarter. Toroso Investments LLC raised its stake in Nasdaq by 8.8% during the 4th quarter. Toroso Investments LLC now owns 2,274 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 184 shares during the last quarter. Finally, Zullo Investment Group Inc. acquired a new position in Nasdaq during the 4th quarter worth approximately $126,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Credit Suisse Group began coverage on Nasdaq in a research report on Tuesday, February 15th. They issued an “outperform” rating and a $225.00 price target for the company. Oppenheimer dropped their target price on Nasdaq from $230.00 to $217.00 and set an “outperform” rating on the stock in a research note on Thursday, January 27th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Rosenblatt Securities dropped their target price on Nasdaq from $200.00 to $199.00 and set a “neutral” rating on the stock in a research note on Thursday, April 14th. Finally, Citigroup dropped their target price on Nasdaq from $188.00 to $184.00 in a research note on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and a consensus price target of $205.80.

Nasdaq Company Profile (Get Rating)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.

Further Reading

Earnings History for Nasdaq (NASDAQ:NDAQ)

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