Nasdaq, Inc. (NDAQ) Research Coverage Started at Barclays PLC
Barclays PLC assumed coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $85.00 price target on the financial services provider’s stock.
Several other research firms have also recently commented on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the company a hold rating in a research report on Thursday, August 17th. Deutsche Bank AG reaffirmed a buy rating and issued a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. BidaskClub cut shares of Nasdaq from a hold rating to a sell rating in a research report on Friday, June 23rd. Citigroup Inc. started coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They issued a neutral rating and a $72.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Nasdaq from a hold rating to a sell rating in a research report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $76.10.
Shares of Nasdaq (NDAQ) opened at 74.17 on Friday. Nasdaq has a 12-month low of $63.30 and a 12-month high of $77.75. The stock has a 50 day moving average price of $75.12 and a 200-day moving average price of $71.06. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 56.36 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Equities analysts anticipate that Nasdaq will post $4.17 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/09/12/nasdaq-inc-ndaq-research-coverage-started-at-barclays-plc.html.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.05%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. 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 over the last three months. Insiders own 1.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the 1st quarter worth about $190,000. MML Investors Services LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth about $201,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Nasdaq during the 1st quarter worth about $203,000. Institutional investors own 74.31% 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.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.