Nasdaq, Inc. (NASDAQ:NDAQ) had its price target lowered by investment analysts at Barclays PLC from $85.00 to $84.00 in a research note issued to investors on Thursday, October 26th. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 10.57% from the company’s previous close.
Several other brokerages have also recently issued reports on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Citigroup Inc. upped their price target on Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS AG reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $77.40.
Nasdaq (NASDAQ:NDAQ) opened at $75.97 on Thursday. The stock has a market capitalization of $12,535.13, a PE ratio of 18.26, a PEG ratio of 2.11 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq has a fifty-two week low of $63.36 and a fifty-two week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. sell-side analysts expect that Nasdaq will post 4.18 earnings per share for the current year.
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In other news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Invictus RG purchased a new position in Nasdaq in the third quarter valued at $111,000. YorkBridge Wealth Partners LLC increased its holdings in Nasdaq by 13.9% in the second 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 during the last quarter. Pacer Advisors Inc. increased its holdings in Nasdaq by 8.6% in the second 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 during the last quarter. Conning Inc. purchased a new position in Nasdaq in the third quarter valued at $200,000. Finally, Beaton Management Co. Inc. purchased a new position in Nasdaq in the third quarter valued at $202,000. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
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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