Nasdaq, Inc. (NASDAQ:NDAQ) Receives $82.40 Consensus Price Target from Analysts

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $85.60.

A number of research analysts recently issued reports on NDAQ shares. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Bank of America dropped their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $98.00 in a research report on Wednesday. Finally, UBS Group increased their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th.

Nasdaq Price Performance

NASDAQ NDAQ opened at $75.88 on Friday. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The stock’s 50-day moving average is $79.26 and its two-hundred day moving average is $72.80. The firm has a market cap of $43.61 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for 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 firm’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. On average, analysts anticipate that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 1.27%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Buying and Selling at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock worth $3,811,808 over the last three months. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd grew 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 worth $25,000 after acquiring an additional 202 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $27,000. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at $33,000. Focused Wealth Management Inc bought a new stake in Nasdaq during the 3rd quarter worth about $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

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.