Nasdaq, Inc. (NDAQ) Given Consensus Rating of “Hold” by Analysts
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $76.22.
Several research firms have recently weighed in on NDAQ. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada set a $74.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, UBS AG reiterated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th.
In other news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 over the last 90 days. 1.60% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its position in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the period. Pacer Advisors Inc. boosted its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Nasdaq in the first quarter valued at approximately $190,000. MML Investors Services LLC bought a new position in shares of Nasdaq in the second quarter valued at approximately $201,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Nasdaq in the first quarter valued at approximately $203,000. Institutional investors own 74.31% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) traded up 0.85% on Friday, hitting $74.35. 843,504 shares of the stock traded hands. The firm has a market capitalization of $12.40 billion, a PE ratio of 56.50 and a beta of 0.77. Nasdaq has a 52 week low of $63.30 and a 52 week high of $77.75. The stock has a 50 day moving average of $75.05 and a 200 day moving average of $71.06.
Nasdaq (NASDAQ:NDAQ) last posted 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. The firm had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Equities research analysts anticipate that Nasdaq will post $4.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
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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