Nasdaq, Inc. (NDAQ) Receives Consensus Rating of “Hold” from Analysts
Nasdaq, Inc. (NASDAQ:NDAQ) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $76.22.
Several brokerages have recently issued reports on NDAQ. BidaskClub cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research report on Monday, September 11th. Citigroup Inc. began coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, UBS AG reissued a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th.
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Nasdaq (NASDAQ:NDAQ) traded down 0.23% on Wednesday, reaching $77.57. 678,660 shares of the company’s stock were exchanged. Nasdaq has a one year low of $63.30 and a one year high of $78.31. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 58.94 and a beta of 0.77. The firm has a 50 day moving average of $75.79 and a 200-day moving average of $71.72.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Equities research analysts forecast that Nasdaq will post $4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. Nasdaq’s payout ratio is 118.75%.
In related news, insider Ann M. Dennison sold 1,170 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock worth $2,788,100 over the last 90 days. Insiders own 1.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Palo Capital Inc. increased its stake in Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 45 shares during the last quarter. CIBC Asset Management Inc increased its stake in Nasdaq by 0.4% in the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 50 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in Nasdaq by 0.6% in the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 57 shares during the last quarter. 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 valued at $164,000 after purchasing an additional 77 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in Nasdaq by 0.5% in the first quarter. Utah Retirement Systems now owns 20,518 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 74.63% 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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