Nasdaq, Inc. (NDAQ) Upgraded to Hold at BidaskClub
Nasdaq, Inc. (NASDAQ:NDAQ) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
A number of other brokerages have also recently commented on NDAQ. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 price target (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. Royal Bank Of Canada increased their price target on shares of Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday. Evercore ISI reiterated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research note on Monday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.11.
Nasdaq (NASDAQ:NDAQ) traded down 0.13% during midday trading on Thursday, hitting $71.54. 764,621 shares of the company traded hands. Nasdaq has a 12-month low of $63.19 and a 12-month high of $72.52. The firm has a market capitalization of $11.82 billion, a PE ratio of 83.38 and a beta of 0.76. The stock’s 50-day moving average is $68.91 and its 200-day moving average is $69.12.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The firm had revenue of $583 million during the quarter, compared to analysts’ expectations of $593.46 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Analysts anticipate that Nasdaq will post $4.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a $0.38 dividend. The ex-dividend date is Wednesday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 2.12%. Nasdaq’s dividend payout ratio is presently 183.13%.
In other news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of NDAQ. Tompkins Financial Corp bought a new position in shares of Nasdaq during the first quarter valued at $143,000. Pacer Advisors Inc. raised its position in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC acquired a new position in Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. acquired a new position in Nasdaq during the first quarter worth approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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