Nasdaq, Inc. (NASDAQ:NDAQ) Sets New 52-Week High at $75.78
Nasdaq, Inc. (NASDAQ:NDAQ) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $75.78 and last traded at $75.77, with a volume of 193,327 shares. The stock had previously closed at $75.25.
Several research analysts have issued reports on NDAQ shares. Deutsche Bank AG reiterated a “buy” rating and set a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. UBS AG reiterated a “buy” rating and set a $81.00 price objective (down from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $70.00 price objective on Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Buy” and a consensus target price of $75.22.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Nasdaq’s revenue was up 7.7% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock worth $266,000 after buying an additional 230 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Nasdaq during the fourth quarter worth about $478,000. Teachers Advisors LLC boosted its position in shares of Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock worth $11,608,000 after buying an additional 11,768 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Nasdaq during the fourth quarter worth about $555,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Nasdaq during the fourth quarter worth about $248,000. 75.59% of the stock is owned by institutional investors and hedge funds.
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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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