Nasdaq, Inc. (NASDAQ:NDAQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Nasdaq remains focused on growth through acquisitions and organic initiatives that enable entry and cross-selling opportunities into new markets at a low-cost and highly-flexible platform. It displays prudence by accelerating its non-transaction revenue base. It realigned its reporting segments to better reflect client orientation, rebranded its fixed income business and has decided to end its NLX interest rate futures business as well. It had identified $10-$20 million in additional cost synergies and expects to deploy capital in de-leveraging over the next four quarters, investing in growth initiatives and engaging in shareholders friendly moves. However, its elevated expenses restrict the desired margin expansion. Intense competition and regulatory issues remain key concerns. Shares of Nasdaq have underperformed the industry, year to date. A Zacks Rank #3 combined with Earnings ESP of 0.66% makes us reasonably confident of an earnings beat.”

NDAQ has been the subject of several other research reports. BidaskClub raised 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 price target on shares of Nasdaq and gave the company a “hold” rating in a research note on Monday, July 17th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, UBS AG reissued a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.50.

Nasdaq (NASDAQ:NDAQ) traded up 0.50% on Tuesday, reaching $74.48. The company had a trading volume of 593,122 shares. The firm has a market capitalization of $12.42 billion, a P/E ratio of 56.60 and a beta of 0.77. The company’s 50-day moving average price is $75.64 and its 200 day moving average price is $72.02. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Nasdaq will post $4.16 EPS for the current year.

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In other news, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,844 shares of company stock worth $2,788,100. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC lifted its holdings in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after buying an additional 203 shares in the last quarter. MML Investors Services LLC acquired a new stake in Nasdaq during the 2nd quarter worth approximately $201,000. IFP Advisors Inc lifted its holdings in Nasdaq by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after buying an additional 243 shares in the last quarter. Finally, Advisor Partners LLC acquired a new stake in Nasdaq during the 2nd quarter worth approximately $214,000. Institutional investors own 74.44% 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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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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