Nasdaq, Inc. (NDAQ) Stock Rating Reaffirmed by Royal Bank Of Canada
Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Monday. They currently have a $76.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 1.29% from the company’s current price.
Several other analysts have also issued reports on NDAQ. Deutsche Bank AG reiterated a “buy” rating and set a $77.00 price target (down previously from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Citigroup Inc. initiated coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.10.
Nasdaq (NASDAQ:NDAQ) opened at 75.03 on Monday. The firm’s 50-day moving average is $75.09 and its 200-day moving average is $71.08. The company has a market cap of $12.51 billion, a PE ratio of 57.01 and a beta of 0.77. Nasdaq has a 52 week low of $63.30 and a 52 week high of $77.75.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that Nasdaq will post $4.17 EPS for the current fiscal year.
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In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were 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. Also, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC raised its stake in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Nasdaq during the first quarter valued at $190,000. MML Investors Services LLC bought a new position in shares of Nasdaq during the second quarter valued at $201,000. Finally, IFP Advisors Inc raised its stake in shares of Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 243 shares during the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.
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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