Nasdaq, Inc. (NASDAQ:NDAQ) Receives New Coverage from Analysts at Citigroup Inc.
Stock analysts at Citigroup Inc. initiated coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research report issued on Wednesday, The Fly reports. The firm set a “neutral” rating on the financial services provider’s stock.
Several other research analysts have also weighed in on NDAQ. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 target price on shares of Nasdaq in a report on Monday, April 10th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Evercore ISI reiterated an “in-line” rating and set a $74.00 target price on shares of Nasdaq in a report on Friday, April 28th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank Of Canada lifted their price target on Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Nasdaq has an average rating of “Hold” and a consensus target price of $73.11.
Nasdaq (NASDAQ NDAQ) opened at 71.20 on Wednesday. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 82.98 and a beta of 0.76. The company’s 50-day moving average price is $69.05 and its 200 day moving average price is $69.14. Nasdaq has a 52-week low of $63.30 and a 52-week high of $72.52.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The firm had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Equities analysts predict that Nasdaq will post $4.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a $0.38 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.14%. Nasdaq’s dividend payout ratio (DPR) is currently 183.13%.
In related news, Director Lars Wedenborn sold 10,000 shares of Nasdaq stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NDAQ. Tompkins Financial Corp bought a new stake in Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. increased its stake 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 bought a new stake in Nasdaq during the first quarter worth about $189,000. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the first quarter worth about $190,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake 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. 74.56% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq Company Profile
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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