Nasdaq, Inc. (NASDAQ:NDAQ) Stock Has Average Price Target of $110.30 According to Analysts

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $110.30.

Several equities research analysts recently commented on the company. Barclays reiterated an “overweight” rating and issued a $111.00 price objective (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $92.62 on Tuesday. The firm has a market cap of $51.77 billion, a P/E ratio of 27.00, a PEG ratio of 1.63 and a beta of 0.97. Nasdaq has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $94.97 and a 200 day moving average of $89.91.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. As a group, research analysts expect that Nasdaq will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s dividend payout ratio is 36.15%.

Insider Activity at Nasdaq

In other news, insider Nelson Griggs sold 11,010 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 44,047 shares of company stock worth $4,139,191. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nasdaq

Large investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in Nasdaq by 1.6% during the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after purchasing an additional 45,783 shares during the period. MKP Capital Management L.L.C. acquired a new position in shares of Nasdaq in the 4th quarter valued at about $33,996,000. National Pension Service lifted its holdings in shares of Nasdaq by 11.3% in the 4th quarter. National Pension Service now owns 673,919 shares of the financial services provider’s stock valued at $65,458,000 after buying an additional 68,368 shares during the period. BNP Paribas Financial Markets grew its holdings in Nasdaq by 2.5% during the fourth quarter. BNP Paribas Financial Markets now owns 1,063,278 shares of the financial services provider’s stock worth $103,276,000 after acquiring an additional 26,185 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in Nasdaq by 7.2% in the fourth quarter. Natixis Advisors LLC now owns 717,872 shares of the financial services provider’s stock valued at $69,727,000 after acquiring an additional 48,286 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.