Q4 2017 EPS Estimates for Nasdaq Inc (NDAQ) Lifted by Jefferies Group
Nasdaq Inc (NASDAQ:NDAQ) – Stock analysts at Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for shares of Nasdaq in a note issued to investors on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings per share of $1.01 for the quarter, up from their prior estimate of $1.00. Jefferies Group has a “Hold” rating and a $83.50 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q1 2018 earnings at $1.16 EPS, Q2 2018 earnings at $1.22 EPS, FY2018 earnings at $4.91 EPS and FY2019 earnings at $5.33 EPS.
A number of other research analysts have also commented on the stock. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Wells Fargo & Co restated a “market perform” rating and set a $83.00 price target (up from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th. ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, UBS Group restated a “buy” rating and set a $89.00 price target (up from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Nasdaq currently has a consensus rating of “Hold” and a consensus price target of $81.23.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.89%. Nasdaq’s dividend payout ratio (DPR) is presently 100.66%.
In related news, insider Bradley J. Peterson sold 19,169 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the transaction, the insider now directly owns 32,214 shares in the company, valued at $2,599,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The disclosure for this sale can be found here. Insiders sold 22,629 shares of company stock valued at $1,809,309 over the last quarter. 1.60% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of NDAQ. YorkBridge Wealth Partners LLC lifted 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 purchasing an additional 178 shares during the last quarter. Invictus RG bought a new stake in Nasdaq in the third quarter worth $111,000. Conning Inc. bought a new stake in Nasdaq in the third quarter worth $200,000. MML Investors Services LLC bought a new stake in Nasdaq in the second quarter worth $201,000. Finally, Beaton Management Co. Inc. bought a new stake in Nasdaq in the third quarter worth $202,000. 75.97% of the stock is owned by institutional investors and hedge funds.
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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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