News coverage about Nasdaq (NASDAQ:NDAQ) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nasdaq earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.9903164631699 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- [$$] Nasdaq CEO says era of exchange consolidation is over (finance.yahoo.com)
- [$$] US retail sales shrink for third consecutive month in February (finance.yahoo.com)
- Bridgewater Bancshares, Inc. (Nasdaq: BWB) to Ring The Nasdaq Stock Market Closing Bell (finance.yahoo.com)
- Human Rights Watch to Ring The Nasdaq Stock Market Opening Bell (finance.yahoo.com)
- ConvergeOne Holdings, Inc. (Nasdaq: CVON, CVONW) to Ring The Nasdaq Stock Market Opening Bell – GlobeNewswire (press release) (globenewswire.com)
NDAQ has been the subject of a number of analyst reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, January 12th. UBS Group reaffirmed a “buy” rating and set a $89.00 price objective (up from $83.00) on shares of Nasdaq in a report on Monday, December 11th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, January 10th. Finally, Deutsche Bank raised their price objective on shares of Nasdaq from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and an average target price of $84.23.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. During the same period last year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts predict that Nasdaq will post 4.82 earnings per share for the current fiscal year.
Nasdaq declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, March 15th. Nasdaq’s dividend payout ratio is currently 35.19%.
In related news, insider Lars Ottersgard sold 6,451 shares of Nasdaq stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $80.75, for a total transaction of $520,918.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradley J. Peterson sold 19,169 shares of Nasdaq stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the transaction, the insider now directly owns 32,214 shares of the company’s stock, valued at $2,599,669.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,837 shares of company stock valued at $3,442,932 over the last three months. 1.60% of the stock is currently owned by insiders.
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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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