Nasdaq, Inc. (NDAQ) Research Coverage Started at Barclays PLC

Barclays PLC assumed coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $85.00 price target on the financial services provider’s stock.

Several other research firms have also recently commented on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the company a hold rating in a research report on Thursday, August 17th. Deutsche Bank AG reaffirmed a buy rating and issued a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. BidaskClub cut shares of Nasdaq from a hold rating to a sell rating in a research report on Friday, June 23rd. Citigroup Inc. started coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They issued a neutral rating and a $72.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Nasdaq from a hold rating to a sell rating in a research report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $76.10.

Shares of Nasdaq (NDAQ) opened at 74.17 on Friday. Nasdaq has a 12-month low of $63.30 and a 12-month high of $77.75. The stock has a 50 day moving average price of $75.12 and a 200-day moving average price of $71.06. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 56.36 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Equities analysts anticipate that Nasdaq will post $4.17 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.05%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.

In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the business’s 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 legal filing with the SEC, which is available through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the business’s 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 sale, 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 have sold a total of 36,844 shares of company stock worth $2,788,100 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Nasdaq by 13.9% during the 2nd 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 last quarter. Pacer Advisors Inc. increased its stake in shares of Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the 1st quarter worth about $190,000. MML Investors Services LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth about $201,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Nasdaq during the 1st quarter worth about $203,000. Institutional investors own 74.31% of the company’s stock.

About Nasdaq

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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