Nasdaq Inc (NASDAQ:NDAQ) – Equities research analysts at Jefferies Group lifted their FY2017 earnings per share estimates for shares of Nasdaq in a report issued on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $4.20 per share for the year, up from their previous estimate of $4.16. Jefferies Group currently 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 $1.25 EPS and Q4 2018 earnings at $1.28 EPS.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share.

Several other research firms also recently weighed in on NDAQ. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $77.00 to $75.00 in a research note on Monday, October 9th. Royal Bank of Canada set a $78.00 price target on shares of Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.23.

Shares of Nasdaq (NASDAQ:NDAQ) opened at $80.42 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. Nasdaq has a 12 month low of $65.98 and a 12 month high of $82.15. The firm has a market cap of $13,535.81, a P/E ratio of 52.91, a PEG ratio of 1.76 and a beta of 0.79.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is 100.00%.

In related news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Invictus RG bought a new position in Nasdaq in the third quarter worth approximately $111,000. YorkBridge Wealth Partners LLC raised its stake in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares in the last quarter. Conning Inc. bought a new position in Nasdaq in the third quarter worth approximately $200,000. Beaton Management Co. Inc. bought a new position in Nasdaq in the third quarter worth approximately $202,000. Finally, Visionary Asset Management Inc. bought a new position in Nasdaq in the third quarter worth approximately $203,000. 75.97% of the stock is owned by institutional investors.

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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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