Nasdaq Inc (NDAQ) Receives Average Rating of “Hold” from Analysts

Nasdaq Inc (NASDAQ:NDAQ) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $81.05.

A number of analysts recently weighed in on NDAQ shares. UBS Group reissued a “buy” rating and issued a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, January 10th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, January 12th. Finally, Royal Bank of Canada set a $78.00 price target on shares of Nasdaq and gave the company a “hold” rating in a report on Monday, October 16th.

In other news, Director Charlene T. Begley sold 4,017 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total value of $326,863.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lars Ottersgard sold 6,451 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total transaction of $520,918.25. The disclosure for this sale can be found here. Insiders have sold a total of 33,097 shares of company stock valued at $2,657,090 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Delta Asset Management LLC TN grew its holdings in shares of Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,400 shares during the period. Invictus RG acquired a new position in shares of Nasdaq in the 3rd quarter valued at $111,000. Cerebellum GP LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at $125,000. Conning Inc. acquired a new position in shares of Nasdaq in the 3rd quarter valued at $200,000. Finally, Beaton Management Co. Inc. acquired a new position in shares of Nasdaq in the 3rd quarter valued at $202,000. 76.11% of the stock is owned by institutional investors.

Shares of Nasdaq (NASDAQ NDAQ) traded up $0.25 during trading on Tuesday, hitting $77.72. 2,873,978 shares of the company were exchanged, compared to its average volume of 1,112,135. The company has a current ratio of 1.05, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13,354.62, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.72 and a beta of 0.71. Nasdaq has a fifty-two week low of $65.98 and a fifty-two week high of $83.29.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. Nasdaq’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. equities analysts anticipate that Nasdaq will post 4.81 earnings per share for the current fiscal year.

Nasdaq announced that its board has approved a share repurchase program on Monday, January 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, March 15th. Nasdaq’s dividend payout ratio is presently 35.19%.

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About Nasdaq

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)

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