Nasdaq (NASDAQ:NDAQ) Posts Earnings Results, Beats Expectations By $0.05 EPS

Nasdaq (NASDAQ:NDAQ) issued its earnings results on Thursday. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05, Briefing.com reports. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $0.71 EPS. The business’s quarterly revenue was up 21.9% on a year-over-year basis.

Nasdaq Price Performance

NDAQ stock opened at $74.69 on Friday. The stock’s 50 day moving average is $72.56 and its two-hundred day moving average is $65.70. Nasdaq has a 52-week low of $47.56 and a 52-week high of $75.68. The company has a market capitalization of $43.02 billion, a PE ratio of 42.93, a P/E/G ratio of 3.09 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is presently 55.17%.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of research reports. Piper Sandler raised their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Barclays upped their price target on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.47.

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.