William Blair Brokers Increase Earnings Estimates for Nasdaq

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities researchers at William Blair raised their Q3 2025 EPS estimates for Nasdaq in a research note issued on Tuesday, October 14th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings of $0.83 per share for the quarter, up from their prior estimate of $0.81. The consensus estimate for Nasdaq’s current full-year earnings is $3.18 per share. William Blair also issued estimates for Nasdaq’s Q4 2025 earnings at $0.87 EPS and FY2025 earnings at $3.34 EPS.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. Nasdaq’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share.

Several other research firms have also issued reports on NDAQ. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Piper Sandler boosted their target price on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Barclays restated an “overweight” rating and issued a $108.00 target price (down previously from $109.00) on shares of Nasdaq in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average target price of $97.50.

Nasdaq Price Performance

NDAQ stock opened at $89.62 on Thursday. The firm has a market cap of $51.42 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 2.02 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq has a 12-month low of $64.84 and a 12-month high of $97.63. The company’s fifty day simple moving average is $92.25 and its 200 day simple moving average is $86.16.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is currently 41.54%.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares of the company’s stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president directly owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC increased its position in shares of Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 110 shares in the last quarter. Leavell Investment Management Inc. increased its position in shares of Nasdaq by 0.4% during the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after acquiring an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Fielder Capital Group LLC increased its position in shares of Nasdaq by 3.0% during the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 122 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its position in shares of Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 128 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

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.