Nasdaq (NASDAQ:NDAQ) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq (NASDAQ:NDAQ) from a hold rating to a buy rating in a report published on Wednesday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $98.00 price target on the financial services provider’s stock, up from their prior price target of $80.00.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. TD Cowen dropped their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Finally, UBS Group lifted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $83.73.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $78.02 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12-month low of $54.90 and a 12-month high of $83.77. The stock’s 50 day moving average price is $79.15 and its two-hundred day moving average price is $72.56. The firm has a market capitalization of $44.84 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, analysts anticipate that Nasdaq will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. Nasdaq’s payout ratio is 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by insiders.

Institutional Trading of Nasdaq

A number of institutional investors have recently modified their holdings of NDAQ. Y.D. More Investments Ltd raised its holdings in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the 3rd quarter valued at about $27,000. Claro Advisors LLC purchased a new position in Nasdaq during the 3rd quarter valued at about $33,000. Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the third quarter worth about $35,000. Finally, Peterson Financial Group Inc. purchased a new position in Nasdaq during the third quarter valued at approximately $42,000. 72.47% of the stock is currently owned by hedge funds and other 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.