Nasdaq Inc. (NDAQ) Hits New 52-Week High at $67.71
Nasdaq Inc. (NASDAQ:NDAQ) reached a new 52-week high on Wednesday . The stock traded as high as $67.71 and last traded at $66.94, with a volume of 292,084 shares trading hands. The stock had previously closed at $67.31.
Several research firms recently weighed in on NDAQ. Credit Suisse Group AG reiterated an “outperform” rating and issued a $68.00 target price on shares of Nasdaq in a research note on Thursday, March 17th. Barclays PLC increased their target price on shares of Nasdaq from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, April 1st. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $67.00 to $68.00 and gave the stock a “market perform” rating in a research note on Friday, April 1st. Deutsche Bank AG restated a “buy” rating and set a $73.00 price target on shares of Nasdaq in a research note on Friday, April 1st. Finally, Jefferies Group restated a “hold” rating on shares of Nasdaq in a research note on Monday, April 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $65.70.
The firm’s 50 day moving average price is $64.76 and its 200 day moving average price is $62.99. The company has a market capitalization of $10.99 billion and a price-to-earnings ratio of 20.63.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company earned $534 million during the quarter, compared to analyst estimates of $535.92 million. During the same quarter last year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Nasdaq Inc. will post $3.71 EPS for the current year.
In other Nasdaq news, Director Lars Wedenborn sold 7,677 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $65.50, for a total value of $502,843.50. Following the completion of the sale, the director now owns 4,350 shares of the company’s stock, valued at approximately $284,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Greifeld sold 100,000 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $65.21, for a total transaction of $6,521,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,040,093 shares of the company’s stock, valued at approximately $67,824,464.53. The disclosure for this sale can be found here.
A number of hedge funds have bought and sold shares of NDAQ. Gulf International Bank UK Ltd increased its stake in Nasdaq by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,901 shares of the company’s stock worth $2,088,000 after buying an additional 360 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Nasdaq during the fourth quarter worth about $1,163,000. Vanguard Group Inc. increased its stake in Nasdaq by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 9,887,005 shares of the company’s stock worth $575,128,000 after buying an additional 114,855 shares in the last quarter. New York State Common Retirement Fund increased its stake in Nasdaq by 34.8% in the fourth quarter. New York State Common Retirement Fund now owns 360,500 shares of the company’s stock worth $20,970,000 after buying an additional 93,000 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Nasdaq during the fourth quarter worth about $1,773,000.
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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