Nasdaq (NASDAQ:NDAQ) Earning Somewhat Favorable Media Coverage, Study Shows

Press coverage about Nasdaq (NASDAQ:NDAQ) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring 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 nearest to one being the most favorable. Nasdaq earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.9903164631699 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Several research analysts have weighed in on NDAQ shares. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, January 12th. 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 research note on Wednesday, January 10th. UBS restated a “buy” rating and issued a $89.00 target price (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. Finally, Deutsche Bank lifted their price objective on shares of Nasdaq from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.59.

NDAQ opened at $85.36 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $14,360.77, a P/E ratio of 21.26, a PEG ratio of 1.84 and a beta of 0.64. Nasdaq has a 1 year low of $65.98 and a 1 year high of $87.00.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $635.00 million during the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. equities research analysts forecast that Nasdaq will post 4.82 earnings per share for the current fiscal year.

Nasdaq announced that its Board of Directors has initiated a share buyback plan on Monday, January 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s dividend payout ratio is currently 37.44%.

In other news, Director Charlene T. Begley sold 4,017 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $81.37, for a total transaction of $326,863.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lars Ottersgard sold 6,451 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $80.75, for a total transaction of $520,918.25. The disclosure for this sale can be found here. Insiders sold 42,837 shares of company stock valued at $3,442,932 in the last three months. 0.40% 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.

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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