Nasdaq, Inc. (NASDAQ:NDAQ) had its price objective increased by Citigroup Inc. from $75.00 to $82.00 in a report released on Thursday. They currently have a neutral rating on the financial services provider’s stock.
Several other research firms also recently issued reports on NDAQ. Zacks Investment Research raised Nasdaq from a sell rating to a hold rating in a research report on Tuesday, October 17th. Royal Bank Of Canada set a $78.00 price target on Nasdaq and gave the stock a hold rating in a research report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $78.00 price target on shares of Nasdaq in a research report on Thursday, October 12th. Bank of America Corporation downgraded Nasdaq from a neutral rating to an underperform rating and cut their price target for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Finally, Barclays PLC started coverage on Nasdaq in a research report on Friday, September 8th. They set an overweight rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Nasdaq presently has an average rating of Hold and an average target price of $77.50.
Nasdaq (NASDAQ:NDAQ) opened at 72.92 on Thursday. The stock has a market cap of $12.16 billion, a PE ratio of 55.41 and a beta of 0.77. The firm’s 50-day moving average price is $75.42 and its 200-day moving average price is $72.14. Nasdaq has a 52 week low of $63.30 and a 52 week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. Nasdaq’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Nasdaq will post $4.16 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In related news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of NDAQ. YorkBridge Wealth Partners LLC lifted its stake in Nasdaq by 13.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after buying an additional 203 shares in the last quarter. MML Investors Services LLC purchased a new position in Nasdaq in the 2nd quarter valued at about $201,000. IFP Advisors Inc lifted its stake in Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after buying an additional 243 shares in the last quarter. Finally, Advisor Partners LLC purchased a new position in Nasdaq in the 2nd quarter valued at about $214,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.
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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