Keefe, Bruyette & Woods restated their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research report released on Thursday. They currently have a $78.00 price target on the financial services provider’s stock.
NDAQ has been the topic of several other reports. BidaskClub upgraded shares of Nasdaq from a hold rating to a buy rating in a research report on Friday, August 4th. Barclays PLC initiated coverage on shares of Nasdaq in a research report on Friday, September 8th. They issued an overweight rating and a $85.00 price target on the stock. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a research report on Monday. Royal Bank Of Canada set a $74.00 price target on shares of Nasdaq and gave the company a hold rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $71.00 price target (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Nasdaq has an average rating of Hold and an average price target of $76.30.
Nasdaq (NDAQ) traded down 0.76% during midday trading on Thursday, reaching $74.34. The company had a trading volume of 1,148,782 shares. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31. The firm’s 50 day moving average is $75.66 and its 200 day moving average is $71.94. The stock has a market capitalization of $12.40 billion, a PE ratio of 56.49 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq will post $4.17 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of NDAQ. YorkBridge Wealth Partners LLC raised its stake in shares of 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 acquiring an additional 178 shares during the period. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Nasdaq in the 1st quarter valued at $190,000. MML Investors Services LLC purchased a new position in shares of Nasdaq in the 2nd quarter valued at $201,000. Finally, IFP Advisors Inc raised its stake in shares of 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 acquiring an additional 243 shares during the period. 74.63% of the stock is currently owned by institutional investors and hedge funds.
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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