Jefferies Group Reiterates Hold Rating for Nasdaq Inc. (NDAQ)
Nasdaq Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They presently have a $68.00 target price on the stock. Jefferies Group’s price target would suggest a potential upside of 1.13% from the company’s previous close.
Other analysts have also recently issued reports about the company. Barclays PLC set a $79.00 price target on Nasdaq and gave the company a “buy” rating in a research note on Wednesday, September 7th. Deutsche Bank AG upped their price target on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Credit Suisse Group AG reiterated a “buy” rating and issued a $68.00 price objective on shares of Nasdaq in a research report on Wednesday, June 29th. Evercore ISI lowered Nasdaq from a “buy” rating to a “hold” rating and decreased their price objective for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $70.00 to $74.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $70.26.
Nasdaq (NASDAQ:NDAQ) opened at 67.24 on Thursday. The company has a market cap of $11.13 billion, a price-to-earnings 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, beating analysts’ consensus estimates of $0.88 by $0.03. The company earned $559 million during the quarter, compared to analysts’ expectations of $548 million. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. Nasdaq’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Equities analysts forecast that Nasdaq will post $3.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 44.44%.
In other news, insider Edward S. Knight sold 19,555 shares of the stock in a transaction that occurred 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 owns 76,407 shares of the company’s stock, valued at approximately $5,379,052.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 2,945 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $71.52, for a total value of $210,626.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NDAQ. JPMorgan Chase & Co. increased its stake in Nasdaq by 162.5% in the second quarter. JPMorgan Chase & Co. now owns 1,456,325 shares of the company’s stock valued at $94,181,000 after buying an additional 901,623 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Nasdaq by 413.5% in the first quarter. Nuveen Asset Management LLC now owns 594,597 shares of the company’s stock valued at $39,469,000 after buying an additional 478,801 shares during the last quarter. Vanguard Group Inc. increased its stake in Nasdaq by 4.0% in the second quarter. Vanguard Group Inc. now owns 10,535,832 shares of the company’s stock valued at $681,353,000 after buying an additional 407,297 shares during the last quarter. Legal & General Group Plc increased its stake in Nasdaq by 265.8% in the first quarter. Legal & General Group Plc now owns 502,157 shares of the company’s stock valued at $33,327,000 after buying an additional 364,898 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Nasdaq during the second quarter valued at approximately $17,024,000. 74.21% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.