Nasdaq Inc. (NASDAQ:NDAQ) has been assigned a $72.00 price target by equities researchers at Credit Suisse Group AG in a note issued to investors on Monday. The firm presently has a a “buy” rating on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 8.40% from the company’s current price.

The analysts wrote, “Nasdaq, Inc. Receives a Buy from Credit Suisse | Analyst Ratings

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Home » Nasdaq, Inc. Receives a Buy from Credit Suisse”

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank AG lifted their target price on shares of Nasdaq from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Evercore ISI lowered shares of Nasdaq from a “buy” rating to a “hold” rating and cut their price target for the stock from $69.00 to $68.00 in a report on Tuesday, July 5th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $70.00 to $74.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th. Finally, Barclays PLC lowered shares of Nasdaq to an “overweight” rating and raised their price target for the stock from $79.00 to $80.00 in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.60.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.700% during trading on Monday, hitting $65.955. 779,605 shares of the stock traded hands. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 22.838 and a beta of 0.81. The company has a 50 day moving average price of $69.41 and a 200 day moving average price of $66.69. Nasdaq has a 12 month low of $53.22 and a 12 month high of $71.92.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm had revenue of $559 million for the quarter, compared to analysts’ expectations of $548 million. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. Analysts anticipate that Nasdaq will post $3.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.32 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.93%. Nasdaq’s dividend payout ratio (DPR) is presently 44.44%.

In other Nasdaq news, EVP Thomas A. Wittman sold 24,893 shares of Nasdaq stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $67.08, for a total value of $1,669,822.44. Following the completion of the transaction, the executive vice president now directly owns 64,956 shares of the company’s stock, valued at $4,357,248.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 2,945 shares of Nasdaq stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $71.52, for a total transaction of $210,626.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services Inc boosted its position in shares of Nasdaq by 8.9% in the first quarter. Commonwealth Equity Services Inc now owns 5,502 shares of the company’s stock valued at $365,000 after buying an additional 448 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Nasdaq during the first quarter valued at about $366,000. TIAA CREF Investment Management LLC boosted its position in shares of Nasdaq by 24.2% in the first quarter. TIAA CREF Investment Management LLC now owns 517,226 shares of the company’s stock valued at $34,333,000 after buying an additional 100,770 shares during the period. Teachers Advisors Inc. boosted its position in shares of Nasdaq by 21.8% in the first quarter. Teachers Advisors Inc. now owns 174,848 shares of the company’s stock valued at $11,606,000 after buying an additional 31,308 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Nasdaq during the first quarter valued at about $293,000. 74.21% of the stock is owned by institutional investors and hedge funds.

About Nasdaq

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.

5 Day Chart for NASDAQ:NDAQ

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