Nasdaq Inc (NDAQ) is Resumed by Credit Suisse to Outperform

Nasdaq Inc (NDAQ) was Resumed by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.

On the company’s financial health, Nasdaq Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.90. The company had revenue of $585.00 million for the quarter, compared to analysts expectations of $585.83 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Nasdaq Inc opened for trading at $64.93 and hit $65.94 on the upside on Monday, eventually ending the session at $65.85, with a gain of 1.53% or 0.99 points. The heightened volatility saw the trading volume jump to 9,57,780 shares. Company has a market cap of $10,879 M.

Investors should note that on Oct 26, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 30, 2016.

In a different news, on Aug 25, 2016, Edward S Knight (Executive Vice President) sold 19,555 shares at $70.40 per share price. According to the SEC, on Aug 19, 2016, Robert Greifeld (CEO) sold 199,480 shares at $70.25 per share price. On Aug 8, 2016, Pc Nelson Griggs (Executive Vice President) sold 2,945 shares at $71.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Nasdaq Inc (Nasdaq) formerly The NASDAQ OMX Group Inc. is a holding company. The Company is a provider of trading clearing exchange technology regulatory securities listing information and public company services across six continents. The Company manages operates and provides its products and services in four segments: Market Services Listing Services Information Services and Technology Solutions. The Company’s Market Services segment includes its equity derivative trading and clearing cash equity trading fixed income currency and commodities trading and clearing and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.

Nasdaq Inc

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