Nasdaq Inc. (NDAQ) Sets New 12-Month High at $71.92
Shares of Nasdaq Inc. (NASDAQ:NDAQ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $71.92 and last traded at $71.40, with a volume of 153,121 shares. The stock had previously closed at $71.64.
NDAQ has been the subject of several research reports. Sterne Agee CRT initiated coverage on Nasdaq in a research report on Thursday, May 19th. They issued a “buy” rating and a $76.00 target price for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Nasdaq in a research report on Saturday, June 4th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $68.00 target price on shares of Nasdaq in a research report on Wednesday, June 29th. Finally, Evercore ISI downgraded Nasdaq from a “buy” rating to a “hold” rating and dropped their target price for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Nasdaq has an average rating of “Hold” and an average target price of $69.53.
The firm has a 50 day moving average of $70.09 and a 200-day moving average of $65.89. The firm has a market capitalization of $11.86 billion and a PE ratio of 24.82.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. During the same quarter in the prior year, the company earned $0.83 earnings per share. The firm had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq Inc. will post $3.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.79%.
In other Nasdaq news, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the completion of the sale, the insider now directly owns 76,407 shares in the company, valued at $5,379,052.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Greifeld sold 67,056 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $65.31, for a total value of $4,379,427.36. Following the sale, the chief executive officer now owns 1,057,149 shares of the company’s stock, valued at $69,042,401.19. The disclosure for this sale can be found here.
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.