Nasdaq Inc. (NDAQ) Price Target Lowered to $77.00 at Barclays PLC
Several other equities research analysts have also issued reports on the stock. Jefferies Group reissued a hold rating and issued a $68.00 target price on shares of Nasdaq in a report on Thursday. Credit Suisse Group AG set a $72.00 price objective on shares of Nasdaq and gave the company a buy rating in a report on Monday. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a report on Wednesday, October 5th. Deutsche Bank AG increased their price objective on shares of Nasdaq from $76.00 to $77.00 and gave the company a buy rating in a report on Friday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $64.00 to $69.00 and gave the company a neutral rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $70.26.
Nasdaq (NASDAQ:NDAQ) traded up 0.3443% during midday trading on Thursday, reaching $67.0701. 148,523 shares of the company were exchanged. The firm has a market capitalization of $11.10 billion, a PE ratio of 23.2237 and a beta of 0.81. The company has a 50-day moving average of $69.06 and a 200 day moving average of $66.68. Nasdaq has a 52 week low of $54.54 and a 52 week high of $71.92.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company earned $559 million during the quarter, compared to analyst estimates of $548 million. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts predict that Nasdaq will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.92%. Nasdaq’s dividend payout ratio is presently 44.44%.
In related news, insider Edward S. Knight sold 19,555 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total value 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 filing with the SEC, which can be accessed through this link. Also, CEO Robert Greifeld sold 199,480 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $70.28, for a total value of $14,019,454.40. Following the completion of the sale, the chief executive officer now owns 1,064,815 shares of the company’s stock, valued at $74,835,198.20. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased its stake in Nasdaq by 8.9% in the first quarter. Commonwealth Equity Services Inc now owns 5,502 shares of the company’s stock valued at $365,000 after buying an additional 448 shares during the period. Pacad Investment Ltd. acquired a new stake in Nasdaq during the first quarter valued at $366,000. TIAA CREF Investment Management LLC increased its stake in Nasdaq by 24.2% in the first quarter. TIAA CREF Investment Management LLC now owns 517,226 shares of the company’s stock valued at $34,333,000 after buying an additional 100,770 shares during the period. Teachers Advisors Inc. increased its stake in Nasdaq by 21.8% in the first quarter. Teachers Advisors Inc. now owns 174,848 shares of the company’s stock valued at $11,606,000 after buying an additional 31,308 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Nasdaq during the first quarter valued at $293,000. Institutional investors and hedge funds own 74.21% of the company’s stock.
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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