Nasdaq, Inc. (NASDAQ:NDAQ) Rating Reiterated by Jefferies Group LLC
Jefferies Group LLC reissued their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a report published on Monday. The firm currently has a $71.00 price target on the financial services provider’s stock, up from their prior price target of $68.00.
Several other research analysts have also commented on the stock. BidaskClub raised shares of Nasdaq from a sell rating to a hold rating in a research note on Thursday, June 29th. Deutsche Bank AG decreased their price objective on Nasdaq from $80.00 to $79.00 and set a buy rating for the company in a report on Friday, April 28th. Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the company a hold rating in a research note on Friday, April 21st. Finally, Zacks Investment Research lowered Nasdaq from a hold rating to a sell rating in a research note on Tuesday, June 27th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $74.00.
Shares of Nasdaq (NASDAQ NDAQ) opened at 71.81 on Monday. Nasdaq has a 12-month low of $63.30 and a 12-month high of $72.52. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 83.69 and a beta of 0.76. The company’s 50-day moving average is $70.53 and its 200-day moving average is $69.49.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm had revenue of $583 million during the quarter, compared to analyst estimates of $593.46 million. During the same period last year, the firm posted $0.91 earnings per share. Nasdaq’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts predict that Nasdaq will post $4.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were given a $0.38 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio is currently 183.13%.
In related news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Tompkins Financial Corp purchased a new stake in shares of Nasdaq during the first quarter worth approximately $143,000. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Nasdaq during the first quarter worth approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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