Nasdaq, Inc. (NDAQ) Now Covered by Analysts at Barclays PLC
Analysts at Barclays PLC began coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a report released on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $85.00 price target on the financial services provider’s stock. Barclays PLC’s price target suggests a potential upside of 14.32% from the stock’s current price.
A number of other brokerages also recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 target price (down from $79.00) on shares of Nasdaq in a report on Monday, May 15th. BidaskClub downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. Finally, Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nasdaq has an average rating of “Hold” and an average target price of $76.10.
Nasdaq (NASDAQ:NDAQ) traded up 0.85% during mid-day trading on Friday, reaching $74.35. The company had a trading volume of 843,504 shares. The firm has a market capitalization of $12.40 billion, a P/E ratio of 56.50 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $77.75. The firm’s 50-day moving average is $75.05 and its 200-day moving average is $71.06.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts anticipate that Nasdaq will post $4.17 earnings per share for the current fiscal year.
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In related news, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in Nasdaq by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 15 shares in the last quarter. Palo Capital Inc. grew its holdings in Nasdaq by 0.4% during the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after buying an additional 45 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Nasdaq by 0.4% during the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after buying an additional 50 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in Nasdaq by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after buying an additional 57 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Nasdaq by 3.4% during 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. Institutional investors and hedge funds own 74.31% of the company’s stock.
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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