Royal Bank Of Canada set a $78.00 price target on Nasdaq, Inc. (NASDAQ:NDAQ) in a research note released on Monday morning. The firm currently has a hold rating on the financial services provider’s stock.
Several other equities research analysts also recently commented on NDAQ. BidaskClub downgraded Nasdaq from a buy rating to a hold rating in a report on Wednesday, July 12th. Bank of America Corporation downgraded Nasdaq from a neutral rating to an underperform rating and dropped their target price for the company from $77.00 to $75.00 in a report on Monday, October 9th. Zacks Investment Research upgraded Nasdaq from a sell rating to a hold rating in a report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a report on Wednesday, July 12th. They set a neutral rating and a $72.00 target price on the stock. Finally, UBS AG reiterated a buy rating and set a $85.00 target price (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Nasdaq currently has an average rating of Hold and an average target price of $76.50.
Shares of Nasdaq (NASDAQ NDAQ) opened at 74.11 on Monday. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 56.31 and a beta of 0.77. The firm’s 50-day moving average is $75.64 and its 200-day moving average is $72.02. Nasdaq has a 52 week low of $63.30 and a 52 week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. On average, equities research analysts anticipate that Nasdaq will post $4.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders 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 annualized dividend and a yield of 2.05%. Nasdaq’s dividend payout ratio is presently 118.75%.
In other news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,844 shares of company stock valued at $2,788,100. Insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of NDAQ. YorkBridge Wealth Partners LLC grew its position 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 worth $104,000 after acquiring an additional 178 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 203 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Nasdaq in the 2nd quarter worth approximately $201,000. IFP Advisors Inc grew its position 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 worth $203,000 after acquiring an additional 243 shares in the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of Nasdaq in the 2nd quarter worth approximately $214,000. Institutional investors own 74.44% of the company’s stock.
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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