Nasdaq Inc. (NDAQ) Receives Hold Rating from Jefferies Group
NDAQ has been the topic of a number of other reports. Deutsche Bank AG raised their price target on shares of Nasdaq from $76.00 to $77.00 and gave the company a buy rating in a research note on Friday, September 9th. Zacks Investment Research downgraded shares of Nasdaq from a hold rating to a sell rating in a research note on Wednesday, October 5th. Barclays PLC set a $79.00 price target on shares of Nasdaq and gave the company a buy rating in a research note on Wednesday, September 7th. Evercore ISI downgraded shares of Nasdaq from a buy rating to a hold rating and reduced their price target for the company from $69.00 to $68.00 in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $64.00 to $69.00 and gave the company a neutral rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $70.26.
Nasdaq (NASDAQ:NDAQ) traded up 0.60% during midday trading on Thursday, hitting $67.24. 139,425 shares of the company were exchanged. Nasdaq has a one year low of $54.54 and a one year high of $71.92. The firm’s 50-day moving average price is $69.06 and its 200-day moving average price is $66.68. The stock has a market capitalization of $11.13 billion, a PE ratio of 23.28 and a beta of 0.81.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The company had revenue of $559 million for the quarter, compared to the consensus estimate of $548 million. During the same period last year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Nasdaq will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 44.44%.
In related news, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $71.52, for a total value of $210,626.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Greifeld sold 199,480 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $70.28, for a total transaction of $14,019,454.40. Following the completion of the transaction, the chief executive officer now directly owns 1,064,815 shares in the company, valued at $74,835,198.20. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Nasdaq by 4.0% in the second quarter. Vanguard Group Inc. now owns 10,535,832 shares of the company’s stock worth $681,353,000 after buying an additional 407,297 shares during the period. State Street Corp boosted its stake in shares of Nasdaq by 0.7% in the first quarter. State Street Corp now owns 4,843,763 shares of the company’s stock worth $321,526,000 after buying an additional 34,705 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Nasdaq by 0.3% in the second quarter. BlackRock Fund Advisors now owns 2,019,972 shares of the company’s stock worth $130,632,000 after buying an additional 5,199 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Nasdaq by 10.2% in the second quarter. AQR Capital Management LLC now owns 1,945,700 shares of the company’s stock worth $125,829,000 after buying an additional 180,431 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Nasdaq by 2.9% in the second quarter. Janus Capital Management LLC now owns 1,603,551 shares of the company’s stock worth $103,702,000 after buying an additional 44,497 shares in the last quarter. 74.21% of the stock is currently owned by institutional investors.
Nasdaq Company Profile
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.
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