Nasdaq Inc. (NDAQ) Reaches New 52-Week High at $68.94
Nasdaq Inc. (NASDAQ:NDAQ) hit a new 52-week high on Tuesday . The stock traded as high as $68.94 and last traded at $68.66, with a volume of 669,495 shares. The stock had previously closed at $68.44.
NDAQ has been the subject of a number of research reports. Credit Suisse Group AG reiterated a “buy” rating and set a $68.00 price target on shares of Nasdaq in a research report on Friday, April 1st. Barclays PLC boosted their price target on Nasdaq from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $67.00 to $68.00 and gave the stock a “market perform” rating in a research report on Friday, April 1st. Royal Bank Of Canada boosted their price target on Nasdaq from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 13th. Finally, Jefferies Group reiterated a “hold” rating on shares of Nasdaq in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $65.70.
The firm has a market capitalization of $11.25 billion and a price-to-earnings ratio of 21.123. The company’s 50 day moving average is $65.35 and its 200-day moving average is $63.59.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The business earned $534 million during the quarter, compared to analyst estimates of $535.92 million. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Equities analysts anticipate that Nasdaq Inc. will post $3.71 earnings per share for the current fiscal year.
In other Nasdaq news, EVP Thomas A. Wittman sold 24,893 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $67.08, for a total value of $1,669,822.44. Following the completion of the sale, the executive vice president now owns 64,956 shares of the company’s stock, valued at approximately $4,357,248.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $502,843.50. Following the completion of the sale, the director now directly owns 4,350 shares of the company’s stock, valued at approximately $284,925. The disclosure for this sale can be found here.
Other hedge funds have recently modified their holdings of the company. Utah Retirement Systems boosted its position in Nasdaq by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,718 shares of the company’s stock worth $1,205,000 after buying an additional 100 shares in the last quarter. KBC Group NV boosted its position in Nasdaq by 83.6% in the fourth quarter. KBC Group NV now owns 59,841 shares of the company’s stock worth $3,481,000 after buying an additional 27,244 shares in the last quarter. State of Tennessee Treasury Department boosted its position in Nasdaq by 176.0% in the fourth quarter. State of Tennessee Treasury Department now owns 154,271 shares of the company’s stock worth $8,974,000 after buying an additional 98,380 shares in the last quarter. Employees Retirement System of Texas boosted its position in Nasdaq by 6.7% in the fourth quarter. Employees Retirement System of Texas now owns 140,300 shares of the company’s stock worth $8,161,000 after buying an additional 8,800 shares in the last quarter. Finally, WBI Investments Inc. bought a new position in Nasdaq during the fourth quarter worth about $8,657,000.
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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