Nasdaq Inc. (NDAQ) Stock Rating Reaffirmed by Barclays PLC
Nasdaq Inc. (NASDAQ:NDAQ)‘s stock had its “buy” rating reaffirmed by stock analysts at Barclays PLC in a research report issued to clients and investors on Tuesday. They currently have a $79.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 18.94% from the company’s previous close.
NDAQ has been the subject of a number of other research reports. Deutsche Bank AG lifted their price objective on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Evercore ISI downgraded Nasdaq from a “buy” rating to a “hold” rating and lowered their price objective for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Jefferies Group lifted their price objective on Nasdaq from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $69.60.
Nasdaq (NASDAQ:NDAQ) traded down 0.670% during trading on Tuesday, hitting $65.975. The stock had a trading volume of 772,014 shares. The stock’s 50-day moving average is $69.41 and its 200 day moving average is $66.69. Nasdaq has a one year low of $53.22 and a one year high of $71.92. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 22.845 and a beta of 0.81.
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Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.03. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The company earned $559 million during the quarter, compared to analysts’ expectations of $548 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Nasdaq will post $3.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, September 14th. Nasdaq’s payout ratio is 44.44%.
In other news, insider Pc Nelson Griggs sold 2,945 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $71.52, for a total value of $210,626.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Wittman sold 24,893 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $67.08, for a total value of $1,669,822.44. Following the completion of the sale, the executive vice president now directly owns 64,956 shares of the company’s stock, valued at approximately $4,357,248.48. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of NDAQ. BB&T Securities LLC bought a new stake in shares of Nasdaq during the first quarter valued at $402,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Nasdaq during the first quarter valued at $226,000. Canada Pension Plan Investment Board increased its stake in shares of Nasdaq by 19.9% in the first quarter. Canada Pension Plan Investment Board now owns 163,268 shares of the company’s stock valued at $10,838,000 after buying an additional 27,100 shares during the last quarter. Credit Agricole S A increased its stake in shares of Nasdaq by 540.1% in the first quarter. Credit Agricole S A now owns 242,439 shares of the company’s stock valued at $16,093,000 after buying an additional 204,566 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Nasdaq by 60.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,555 shares of the company’s stock valued at $435,000 after buying an additional 2,480 shares during the last quarter. 74.21% of the stock is owned by institutional investors.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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