Nasdaq Inc. (NDAQ) Reaches New 1-Year High at $71.92
Nasdaq Inc. (NASDAQ:NDAQ) reached a new 52-week high during trading on Friday . The company traded as high as $71.92 and last traded at $71.40, with a volume of 153,121 shares changing hands. The stock had previously closed at $71.64.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $72.00 price target on shares of Nasdaq in a report on Monday, August 8th. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Evercore ISI cut shares of Nasdaq from a “buy” rating to a “hold” rating and cut their price target for the company from $69.00 to $68.00 in a report on Tuesday, July 5th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $70.00 to $74.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Finally, Deutsche Bank AG increased their price target on shares of Nasdaq from $73.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.53.
The firm has a market cap of $11.85 billion and a price-to-earnings ratio of 24.81. The firm has a 50-day moving average of $69.97 and a 200-day moving average of $65.84.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. During the same quarter in the prior year, the firm posted $0.83 EPS. The business earned $559 million during the quarter, compared to the consensus estimate of $548 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Nasdaq Inc. will post $3.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, September 14th.
In other news, CEO Robert Greifeld sold 147,952 shares of Nasdaq stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $65.54, for a total value of $9,696,774.08. Following the transaction, the chief executive officer now owns 1,090,093 shares of the company’s stock, valued at approximately $71,444,695.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Wittman sold 24,893 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $67.08, for a total transaction of $1,669,822.44. Following the completion of the transaction, the executive vice president now directly owns 64,956 shares in the company, valued at approximately $4,357,248.48. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Nasdaq stock. State of Tennessee Treasury Department boosted its position in Nasdaq Inc. (NASDAQ:NDAQ) by 176.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,271 shares of the company’s stock after buying an additional 98,380 shares during the period. State of Tennessee Treasury Department owned about 0.09% of Nasdaq worth $8,974,000 at the end of the most recent quarter.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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