Jefferies Group Reaffirms Hold Rating for Nasdaq Inc. (NDAQ)
Nasdaq Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a report released on Thursday. They currently have a $68.00 target price on the stock. Jefferies Group’s price target points to a potential upside of 2.32% from the company’s current price.
NDAQ has been the topic of a number of other reports. Deutsche Bank AG lifted their price target on shares of Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a report on Friday, September 9th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Barclays PLC set a $79.00 target price on shares of Nasdaq and gave the stock a “buy” rating in a report on Wednesday, September 7th. Evercore ISI downgraded shares of Nasdaq from a “buy” rating to a “hold” rating and reduced their target price for the stock from $69.00 to $68.00 in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $64.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Nasdaq presently has an average rating of “Hold” and a consensus target price of $70.42.
Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.12% during trading on Thursday, hitting $66.38. The stock had a trading volume of 366,883 shares. The firm has a market cap of $10.98 billion, a PE ratio of 22.98 and a beta of 0.81. Nasdaq has a 52-week low of $53.70 and a 52-week high of $71.92. The stock has a 50 day moving average of $69.16 and a 200 day moving average of $66.68.
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Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $559 million for the quarter, compared to the consensus estimate of $548 million. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. Nasdaq’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. On average, equities analysts anticipate that Nasdaq will post $3.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.32 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.93%. Nasdaq’s dividend payout ratio (DPR) is 44.44%.
In other Nasdaq news, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $71.52, for a total value of $210,626.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Greifeld sold 199,480 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $70.28, for a total transaction of $14,019,454.40. Following the completion of the sale, the chief executive officer now directly owns 1,064,815 shares of the company’s stock, valued at approximately $74,835,198.20. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Nasdaq by 4.0% in the third quarter. Capstone Asset Management Co. now owns 11,451 shares of the company’s stock valued at $773,000 after buying an additional 440 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of Nasdaq by 50.1% in the third quarter. Legacy Private Trust Co. now owns 94,691 shares of the company’s stock valued at $6,395,000 after buying an additional 31,617 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in shares of Nasdaq by 3.8% in the third quarter. LGT Capital Partners LTD. now owns 135,050 shares of the company’s stock valued at $9,121,000 after buying an additional 5,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Nasdaq by 2.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 580,486 shares of the company’s stock valued at $39,206,000 after buying an additional 16,213 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Nasdaq during the third quarter valued at $756,000. 74.21% of the stock is owned by hedge funds and other 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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