Nasdaq Inc. (NDAQ) Price Target Cut to $77.00 by Analysts at Barclays PLC
Nasdaq Inc. (NASDAQ:NDAQ) had its target price cut by analysts at Barclays PLC from $79.00 to $77.00 in a report issued on Thursday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price points to a potential upside of 15.86% from the company’s previous close.
NDAQ has been the subject of several other research reports. Deutsche Bank AG increased their price objective on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a report on Friday, September 9th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Evercore ISI lowered Nasdaq from a “buy” rating to a “hold” rating and decreased their price objective for the company from $69.00 to $68.00 in a report on Tuesday, July 5th. Jefferies Group increased their price objective on Nasdaq from $58.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. increased their price objective on Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average price target of $70.26.
Nasdaq (NASDAQ:NDAQ) traded up 0.65% during mid-day trading on Thursday, reaching $66.89. The company’s stock had a trading volume of 595,776 shares. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 23.16 and a beta of 0.81. The stock has a 50-day moving average price of $69.16 and a 200-day moving average price of $66.68. Nasdaq has a one year low of $53.70 and a one year high of $71.92.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/nasdaq-inc-ndaq-price-target-cut-to-77-00-by-analysts-at-barclays-plc.html
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating the 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 firm earned $559 million during the quarter, compared to analyst estimates of $548 million. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Nasdaq will post $3.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 44.44%.
In other news, insider Edward S. Knight sold 19,555 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 76,407 shares in the company, valued at approximately $5,379,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Greifeld sold 199,480 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,064,815 shares in the company, valued at $74,835,198.20. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in shares of Nasdaq by 166.2% in the second quarter. Advisory Services Network LLC now owns 2,068 shares of the company’s stock worth $134,000 after buying an additional 1,291 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Nasdaq by 10.6% in the second quarter. Pacer Advisors Inc. now owns 2,316 shares of the company’s stock worth $150,000 after buying an additional 222 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Nasdaq during the second quarter worth $162,000. Baird Financial Group Inc. bought a new position in shares of Nasdaq during the second quarter worth $224,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Nasdaq during the first quarter worth $226,000. Hedge funds and other institutional investors own 74.21% of the company’s stock.
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.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.