Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a report released on Thursday. They presently have a $78.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.92% from the company’s current price.

A number of other research firms also recently issued reports on NDAQ. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $76.00 target price on shares of Nasdaq in a report on Monday, September 11th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, Bank of America Corporation downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $77.00 to $75.00 in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Nasdaq currently has a consensus rating of “Hold” and a consensus target price of $76.30.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.76% during trading on Thursday, hitting $74.34. 1,148,782 shares of the stock traded hands. Nasdaq has a 52-week low of $63.30 and a 52-week high of $78.31. The firm has a market cap of $12.40 billion, a PE ratio of 56.49 and a beta of 0.77. The company’s 50 day moving average is $75.64 and its 200 day moving average is $71.99.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq will post $4.17 EPS for the current year.

WARNING: “Nasdaq, Inc. (NDAQ) Stock Rating Reaffirmed by Keefe, Bruyette & Woods” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/15/nasdaq-inc-ndaq-stock-rating-reaffirmed-by-keefe-bruyette-woods.html.

In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after purchasing an additional 208,253 shares in the last quarter. State Street Corp lifted its position in shares of Nasdaq by 0.4% during the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after purchasing an additional 20,813 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Nasdaq by 13.1% during the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after purchasing an additional 358,414 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Nasdaq by 43.5% during the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after purchasing an additional 707,537 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Nasdaq by 0.7% during the first quarter. Bank of America Corp DE now owns 2,182,223 shares of the financial services provider’s stock worth $151,555,000 after purchasing an additional 14,545 shares in the last quarter. 74.63% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.