Nasdaq’s (NDAQ) “Hold” Rating Reaffirmed at Jefferies Group

Nasdaq (NASDAQ:NDAQ)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a research report issued on Tuesday. They currently have a $83.50 price target on the financial services provider’s stock. Jefferies Group’s target price suggests a potential upside of 3.83% from the stock’s previous close.

NDAQ has been the subject of a number of other reports. ValuEngine cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Barclays cut their target price on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Nasdaq currently has an average rating of “Hold” and a consensus price target of $81.23.

Shares of Nasdaq (NASDAQ NDAQ) traded down $1.01 during trading on Tuesday, hitting $80.42. 718,830 shares of the stock were exchanged, compared to its average volume of 848,267. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. Nasdaq has a twelve month low of $65.98 and a twelve month high of $82.15. The firm has a market capitalization of $13,410.00, a PE ratio of 53.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same period in the previous year, the company earned $0.91 earnings per share. Nasdaq’s revenue for the quarter was up 3.8% on a year-over-year basis. equities research analysts anticipate that Nasdaq will post 4.18 EPS for the current year.

In other news, EVP Pc Nelson Griggs sold 2,064 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in shares of Nasdaq in the 2nd quarter worth about $40,996,000. Ardevora Asset Management LLP bought a new stake in shares of Nasdaq in the 3rd quarter worth about $35,504,000. American Century Companies Inc. bought a new stake in shares of Nasdaq in the 3rd quarter worth about $19,865,000. Perpetual Ltd grew its holdings in shares of Nasdaq by 132.4% in the 2nd quarter. Perpetual Ltd now owns 437,421 shares of the financial services provider’s stock worth $31,271,000 after purchasing an additional 249,201 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Nasdaq by 628.6% in the 4th quarter. Bank of Montreal Can now owns 270,150 shares of the financial services provider’s stock worth $20,755,000 after purchasing an additional 233,073 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.

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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.

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