Nasdaq, Inc. (NASDAQ:NDAQ) Receives Average Recommendation of “Hold” from Brokerages
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $73.90.
Several research analysts have commented on the company. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Monday. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Group LLC restated a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Nasdaq in a report on Monday. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. assumed coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Nasdaq by 77.2% in the second quarter. Huntington National Bank now owns 11,477 shares of the financial services provider’s stock valued at $821,000 after buying an additional 4,999 shares during the period. Forsta AP Fonden boosted its stake in shares of Nasdaq by 30.2% in the second quarter. Forsta AP Fonden now owns 96,581 shares of the financial services provider’s stock valued at $6,905,000 after buying an additional 22,400 shares during the period. BB&T Corp boosted its stake in shares of Nasdaq by 224.6% in the second quarter. BB&T Corp now owns 66,220 shares of the financial services provider’s stock valued at $4,734,000 after buying an additional 45,820 shares during the period. Aperio Group LLC boosted its stake in shares of Nasdaq by 2.4% in the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock valued at $6,826,000 after buying an additional 2,218 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Nasdaq by 12.2% in the second quarter. LS Investment Advisors LLC now owns 23,597 shares of the financial services provider’s stock valued at $1,687,000 after buying an additional 2,558 shares during the period. 74.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 1.00% during midday trading on Friday, hitting $72.74. The stock had a trading volume of 846,269 shares. The company has a market cap of $12.02 billion, a PE ratio of 84.78 and a beta of 0.76. The company’s 50 day moving average is $70.65 and its 200 day moving average is $69.51. Nasdaq has a 52-week low of $63.30 and a 52-week high of $72.79.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.05 by $0.05. The company had revenue of $583 million for the quarter, compared to the consensus estimate of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. Nasdaq’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, analysts anticipate that Nasdaq will post $4.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio (DPR) is 183.13%.
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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