Nasdaq, Inc. (NDAQ) Receives $73.90 Average PT from Analysts
Nasdaq, Inc. (NASDAQ:NDAQ) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $73.90.
NDAQ has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $71.00 price target on shares of Nasdaq in a research report on Thursday, March 30th. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Deutsche Bank AG cut their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $74.00 target price on shares of Nasdaq in a research note on Friday, April 28th.
Nasdaq (NASDAQ NDAQ) traded down 0.10% during trading on Friday, hitting $72.67. The stock had a trading volume of 193,681 shares. The firm has a 50 day moving average price of $70.65 and a 200-day moving average price of $69.51. Nasdaq has a 1-year low of $63.30 and a 1-year high of $72.77. The firm has a market capitalization of $12.00 billion, a PE ratio of 84.70 and a beta of 0.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm had revenue of $583 million during the quarter, compared to analyst estimates of $593.46 million. During the same period in the previous year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Nasdaq will post $4.11 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s payout ratio is presently 183.13%.
In other news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
Several hedge funds have recently modified their holdings of NDAQ. Thrivent Financial for Lutherans boosted its stake in shares of Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock valued at $266,000 after buying an additional 230 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Nasdaq during the fourth quarter valued at about $478,000. Ibex Wealth Advisors boosted its stake in shares of Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 828 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock valued at $11,608,000 after buying an additional 11,768 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of Nasdaq during the fourth quarter valued at about $555,000. 75.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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