Nasdaq Inc. (NDAQ) Stock Rating Reaffirmed by Barclays PLC
Several other research analysts have also commented on NDAQ. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a research note on Tuesday, June 28th. Credit Suisse Group AG reaffirmed a buy rating and set a $68.00 price objective on shares of Nasdaq in a report on Wednesday, June 29th. Evercore ISI downgraded shares of Nasdaq from a buy rating to a hold rating and decreased their price objective for the stock from $69.00 to $68.00 in a report on Tuesday, July 5th. Deutsche Bank AG upped their price objective on shares of Nasdaq from $72.00 to $73.00 and gave the stock a buy rating in a report on Monday, July 18th. Finally, Jefferies Group upped their price objective on shares of Nasdaq from $58.00 to $68.00 and gave the stock a hold rating in a report on Thursday, July 28th. One 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 stock. The company currently has an average rating of Hold and a consensus target price of $70.26.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 67.24 on Tuesday. The company has a market cap of $11.13 billion, a P/E ratio of 23.28 and a beta of 0.81. Nasdaq has a 12 month low of $54.62 and a 12 month high of $71.92. The company’s 50 day moving average is $68.97 and its 200-day moving average is $66.70.
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. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The company had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. During the same quarter in the prior year, the business posted $0.83 EPS. Nasdaq’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that Nasdaq will post $3.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, September 14th. Nasdaq’s payout ratio is 44.44%.
In related news, insider Pc Nelson Griggs sold 2,945 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $71.52, for a total transaction of $210,626.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Knight sold 19,555 shares of the 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 sale, the insider now owns 76,407 shares of the company’s stock, valued at approximately $5,379,052.80. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Redwood Investments LLC purchased a new stake in shares of Nasdaq during the second quarter worth about $14,934,000. Cullen Frost Bankers Inc. boosted its stake in shares of Nasdaq by 12.6% in the second quarter. Cullen Frost Bankers Inc. now owns 350,257 shares of the company’s stock worth $22,651,000 after buying an additional 39,307 shares during the period. Shell Asset Management Co. boosted its stake in shares of Nasdaq by 270.9% in the second quarter. Shell Asset Management Co. now owns 23,045 shares of the company’s stock worth $1,490,000 after buying an additional 16,832 shares during the period. Geode Capital Management LLC boosted its stake in shares of Nasdaq by 2.5% in the first quarter. Geode Capital Management LLC now owns 1,012,957 shares of the company’s stock worth $67,112,000 after buying an additional 24,896 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Nasdaq by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 279,276 shares of the company’s stock worth $18,538,000 after buying an additional 11,946 shares during the period. 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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