Nasdaq, Inc. (NASDAQ:NDAQ) – Analysts at Jefferies Group upped their Q3 2017 earnings estimates for shares of Nasdaq in a research note issued on Monday. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $1.02 per share for the quarter, up from their previous forecast of $1.01. Jefferies Group currently has a “Hold” rating and a $71.00 price target on the stock. Jefferies Group also issued estimates for Nasdaq’s FY2017 earnings at $4.16 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.16 EPS and FY2019 earnings at $4.75 EPS.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. ILLEGAL ACTIVITY WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/10/17/q3-2017-eps-estimates-for-nasdaq-inc-lifted-by-jefferies-group-ndaq.html.
A number of other equities analysts also recently weighed in on NDAQ. BidaskClub downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. initiated coverage on Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price on the stock. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Nasdaq and gave the stock a “hold” rating in a research note on Monday, July 17th. Finally, UBS AG restated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Nasdaq has an average rating of “Hold” and a consensus price target of $76.50.
Shares of Nasdaq (NASDAQ NDAQ) opened at 74.11 on Tuesday. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31. The firm has a 50-day moving average price of $75.64 and a 200 day moving average price of $72.02. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 56.31 and a beta of 0.77.
Hedge funds have recently modified their holdings of the business. YorkBridge Wealth Partners LLC raised its holdings in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the period. Pacer Advisors Inc. raised its holdings in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 203 shares during the period. MML Investors Services LLC bought a new stake in Nasdaq during the 2nd quarter valued at $201,000. IFP Advisors Inc raised its holdings in Nasdaq by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 243 shares during the period. Finally, Advisor Partners LLC bought a new stake in Nasdaq during the 2nd quarter valued at $214,000. 74.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 in the last ninety days. 1.60% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.05%. Nasdaq’s dividend payout ratio (DPR) 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.
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