Nasdaq, Inc. (NDAQ) Given a $76.00 Price Target by Keefe, Bruyette & Woods Analysts
Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a $76.00 target price by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.37% from the company’s current price.
Other analysts also recently issued reports about the company. Deutsche Bank AG decreased their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. UBS AG reiterated a “buy” rating and set a $81.00 target price (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the stock a “hold” rating in a research report on Friday, April 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $75.30.
Shares of Nasdaq (NASDAQ:NDAQ) traded down 1.90% during midday trading on Thursday, hitting $74.83. 821,408 shares of the stock were exchanged. Nasdaq has a 1-year low of $63.30 and a 1-year high of $77.75. The firm has a 50-day moving average of $73.52 and a 200-day moving average of $70.54. The company has a market capitalization of $12.48 billion, a P/E ratio of 56.86 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Nasdaq will post $4.17 EPS for the current year.
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In related news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock valued at $2,466,989 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in Nasdaq by 10.9% in the second quarter. Advisory Services Network LLC now owns 3,026 shares of the financial services provider’s stock valued at $216,000 after buying an additional 298 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Nasdaq during the second quarter worth approximately $40,996,000. Nomura Holdings Inc. increased its position in shares of Nasdaq by 177.3% in the second quarter. Nomura Holdings Inc. now owns 14,874 shares of the financial services provider’s stock worth $1,063,000 after buying an additional 9,510 shares in the last quarter. Cypress Capital Management LLC increased its position in shares of Nasdaq by 63.2% in the second quarter. Cypress Capital Management LLC now owns 8,828 shares of the financial services provider’s stock worth $631,000 after buying an additional 3,420 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Nasdaq by 5.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 70,111 shares of the financial services provider’s stock worth $5,012,000 after buying an additional 3,319 shares in the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.
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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