Nasdaq, Inc. (NASDAQ:NDAQ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $67.00.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, March 26th. Rosenblatt Securities downgraded Nasdaq from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods cut their target price on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Barclays cut their target price on Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th.

View Our Latest Stock Analysis on Nasdaq

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now directly owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of the company. Smithfield Trust Co boosted its stake in shares of Nasdaq by 22.0% during the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 173 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 183 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Cigna Investments Inc. New boosted its stake in shares of Nasdaq by 5.6% during the 1st quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 205 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in shares of Nasdaq by 0.4% during the 4th quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock worth $4,144,000 after acquiring an additional 274 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $60.25 on Wednesday. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 3.21 and a beta of 0.94. Nasdaq has a 52 week low of $46.88 and a 52 week high of $64.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $60.31 and a 200 day moving average of $58.82.

Nasdaq (NASDAQ:NDAQGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts predict that Nasdaq will post 2.68 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.59%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, June 14th. Nasdaq’s dividend payout ratio is presently 50.53%.

About Nasdaq

(Get Free Report

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.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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