Nasdaq Inc. (NDAQ) Rating Reiterated by Credit Suisse Group AG
Nasdaq Inc. (NASDAQ:NDAQ)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research note issued to investors on Sunday. They currently have a $70.00 target price on the stock. Credit Suisse Group AG’s target price points to a potential upside of 6.30% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Barclays PLC cut shares of Nasdaq to an “overweight” rating and upped their price target for the stock from $79.00 to $80.00 in a research note on Thursday, September 8th. Deutsche Bank AG upped their price target on shares of Nasdaq from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $70.00 to $74.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Finally, Jefferies Group upped 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.08.
Nasdaq (NASDAQ:NDAQ) opened at 65.85 on Friday. The stock has a market cap of $10.88 billion, a P/E ratio of 23.15 and a beta of 0.86. Nasdaq has a 1-year low of $54.62 and a 1-year high of $71.92. The stock has a 50 day moving average of $65.77 and a 200 day moving average of $66.89.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 26th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. The firm had revenue of $585 million for the quarter, compared to analysts’ expectations of $586.20 million. Nasdaq had a net margin of 13.38% and a return on equity of 10.71%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Equities analysts anticipate that Nasdaq will post $3.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, December 14th. Nasdaq’s dividend payout ratio is currently 44.91%.
In other Nasdaq news, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction dated 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 owns 76,407 shares in the company, valued at approximately $5,379,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Nasdaq by 162.5% in the second quarter. JPMorgan Chase & Co. now owns 1,456,325 shares of the company’s stock valued at $94,181,000 after buying an additional 901,623 shares during the last quarter. Vanguard Group Inc. raised its stake in Nasdaq by 4.0% in the second quarter. Vanguard Group Inc. now owns 10,535,832 shares of the company’s stock valued at $681,353,000 after buying an additional 407,297 shares during the last quarter. Legal & General Group Plc raised its stake in Nasdaq by 265.8% in the first quarter. Legal & General Group Plc now owns 502,157 shares of the company’s stock valued at $33,327,000 after buying an additional 364,898 shares during the last quarter. Bank of Montreal Can acquired a new stake in Nasdaq during the second quarter valued at approximately $17,024,000. Finally, Commerce Bank raised its stake in Nasdaq by 3,707.4% in the second quarter. Commerce Bank now owns 251,786 shares of the company’s stock valued at $16,283,000 after buying an additional 245,173 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.
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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