Nasdaq, Inc. (NDAQ) Receives $76.22 Average PT from Analysts
Nasdaq, Inc. (NASDAQ:NDAQ) has been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $76.22.
A number of research analysts have issued reports on NDAQ shares. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Barclays PLC started coverage on Nasdaq in a research note on Friday. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the company a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.
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In related news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 in the last three months. 1.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC lifted its holdings in Nasdaq by 3.8% during the 2nd quarter. Sentry Investment Management LLC now owns 7,500 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 274 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Nasdaq by 24.4% during the 2nd quarter. Toronto Dominion Bank now owns 38,632 shares of the financial services provider’s stock worth $2,762,000 after purchasing an additional 7,578 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Nasdaq by 10.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,026 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 298 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in Nasdaq during the 2nd quarter worth about $40,996,000. Finally, Nomura Holdings Inc. lifted its holdings in Nasdaq by 177.3% during the 2nd quarter. Nomura Holdings Inc. now owns 14,874 shares of the financial services provider’s stock worth $1,063,000 after purchasing an additional 9,510 shares in the last quarter. 74.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 1.04% during midday trading on Friday, reaching $74.94. The company’s stock had a trading volume of 384,245 shares. Nasdaq has a one year low of $63.30 and a one year high of $77.75. The firm has a 50-day moving average of $75.12 and a 200-day moving average of $71.06. The stock has a market cap of $12.50 billion, a PE ratio of 56.95 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, analysts forecast that Nasdaq will post $4.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.05%. Nasdaq’s dividend payout ratio is presently 118.75%.
Nasdaq Company Profile
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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