Nasdaq Inc. (NDAQ) Given New $77.00 Price Target at Barclays PLC
Nasdaq Inc. (NASDAQ:NDAQ) had its price target dropped by investment analysts at Barclays PLC from $79.00 to $77.00 in a research report issued on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 15.20% from the stock’s current price.
Several other equities analysts have also weighed in on the company. Jefferies Group restated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research note on Thursday. Credit Suisse Group AG set a $72.00 price target on Nasdaq and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Deutsche Bank AG lifted their price target on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, JPMorgan Chase & Co. lifted their price target on Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and an average price target of $70.26.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 0.57% during midday trading on Thursday, reaching $66.84. The company’s stock had a trading volume of 1,269,208 shares. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 23.14 and a beta of 0.81. The stock’s 50 day moving average price is $69.16 and its 200 day moving average price is $66.68. Nasdaq has a one year low of $53.70 and a one year high of $71.92.
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Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. The business earned $559 million during the quarter, compared to analyst estimates of $548 million. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Analysts predict that Nasdaq will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, September 14th. Nasdaq’s dividend payout ratio is currently 44.44%.
In other news, CEO Robert Greifeld sold 199,480 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $70.28, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the completion of the sale, the insider now directly owns 76,407 shares of the company’s stock, valued at $5,379,052.80. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Private Trust Co. NA raised its stake in shares of Nasdaq by 4.7% in the third quarter. Private Trust Co. NA now owns 8,109 shares of the company’s stock worth $547,000 after buying an additional 364 shares in the last quarter. Capstone Asset Management Co. raised 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 worth $773,000 after buying an additional 440 shares in the last quarter. Legacy Private Trust Co. raised 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 worth $6,395,000 after buying an additional 31,617 shares in the last quarter. LGT Capital Partners LTD. raised 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 worth $9,121,000 after buying an additional 5,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised 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 worth $39,206,000 after buying an additional 16,213 shares in the last quarter. 74.21% of the stock is owned by institutional investors.
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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