Royal Bank Of Canada set a $78.00 price target on Nasdaq, Inc. (NASDAQ:NDAQ) in a report released on Monday morning. The brokerage currently has a hold rating on the financial services provider’s stock.
Several other brokerages also recently commented on NDAQ. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the company a hold rating in a report on Thursday, August 17th. Barclays PLC started coverage on shares of Nasdaq in a report on Friday, September 8th. They issued an overweight rating and a $85.00 target price for the company. BidaskClub downgraded shares of Nasdaq from a hold rating to a sell rating in a report on Friday, June 23rd. Citigroup Inc. started coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a neutral rating and a $72.00 target price for the company. Finally, Bank of America Corporation downgraded shares of Nasdaq from a neutral rating to an underperform rating and lowered their target price for the company from $77.00 to $75.00 in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $77.50.
Nasdaq (NASDAQ NDAQ) opened at 72.94 on Monday. Nasdaq has a 12 month low of $63.30 and a 12 month high of $78.31. The stock has a 50 day moving average of $75.49 and a 200-day moving average of $72.12. The company has a market cap of $12.17 billion, a P/E ratio of 55.43 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. Equities research analysts expect that Nasdaq will post $4.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of NDAQ. YorkBridge Wealth Partners LLC boosted its position in Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares during the period. Pacer Advisors Inc. boosted its position in Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 203 shares during the period. MML Investors Services LLC bought a new position in Nasdaq during the second quarter worth about $201,000. IFP Advisors Inc boosted its position in Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 243 shares during the period. Finally, Advisor Partners LLC bought a new position in Nasdaq during the second quarter worth about $214,000. Hedge funds and other institutional investors own 74.44% of the company’s stock.
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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