Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $78.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.13% from the stock’s previous close.

A number of other equities analysts also recently commented on NDAQ. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $76.00 target price (up from $74.00) on shares of Nasdaq in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, UBS AG restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.30.

Shares of Nasdaq (NASDAQ NDAQ) opened at 75.63 on Thursday. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31. The company has a market capitalization of $12.61 billion, a PE ratio of 57.47 and a beta of 0.77. The company has a 50 day moving average price of $75.68 and a 200 day moving average price of $71.92.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Equities analysts predict that Nasdaq will post $4.17 EPS for the current fiscal year.

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In related news, insider Edward S. Knight sold 14,629 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC lifted its position in 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. lifted its position in 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. purchased a new stake in Nasdaq during the first quarter valued at approximately $190,000. MML Investors Services LLC purchased a new stake in Nasdaq during the second quarter valued at approximately $201,000. Finally, IFP Advisors Inc lifted its position in 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. 74.63% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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