Nasdaq Inc. (NASDAQ:NDAQ) Given Consensus Rating of “Hold” by Brokerages
Shares of Nasdaq Inc. (NASDAQ:NDAQ) have received an average recommendation of “Hold” from the sixteen research firms that are covering the company. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $70.37.
A number of research analysts have commented on NDAQ shares. Barclays PLC set a $79.00 price objective on shares of Nasdaq and gave the company a “buy” rating in a research note on Wednesday, September 7th. Credit Suisse Group AG restated a “buy” rating and issued a $72.00 price objective on shares of Nasdaq in a research note on Monday, August 8th. Deutsche Bank AG boosted their price target on shares of Nasdaq from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Jefferies Group boosted their price target on shares of Nasdaq from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Evercore ISI lowered shares of Nasdaq from a “buy” rating to a “hold” rating and dropped their price target for the stock from $69.00 to $68.00 in a research note on Tuesday, July 5th.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 66.79 on Friday. Nasdaq has a 12-month low of $52.75 and a 12-month high of $71.92. The firm has a 50-day moving average of $69.77 and a 200-day moving average of $66.63. The firm has a market cap of $11.05 billion, a P/E ratio of 23.13 and a beta of 0.81.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. Nasdaq’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. On average, equities analysts forecast that Nasdaq will post $3.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, September 14th. Nasdaq’s payout ratio is 44.44%.
In related news, CEO Robert Greifeld sold 18,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $70.66, for a total transaction of $1,278,946.00. Following the transaction, the chief executive officer now owns 1,008,635 shares of the company’s stock, valued at $71,270,149.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the transaction, the insider now directly owns 76,407 shares in the company, valued at approximately $5,379,052.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in shares of Nasdaq by 166.2% in the second quarter. Advisory Services Network LLC now owns 2,068 shares of the company’s stock valued at $134,000 after buying an additional 1,291 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Nasdaq by 10.6% in the second quarter. Pacer Advisors Inc. now owns 2,316 shares of the company’s stock valued at $150,000 after buying an additional 222 shares during the last quarter. Seven Eight Capital LLC purchased a new position in shares of Nasdaq during the second quarter valued at about $162,000. IFP Advisors Inc increased its position in shares of Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $207,000 after buying an additional 137 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Nasdaq during the second quarter valued at about $224,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
Receive News & Stock 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 stocks with our FREE daily email newsletter.