Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq, Inc. (NASDAQ:NDAQ) in a research note released on Thursday morning. The brokerage currently has a hold rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Deutsche Bank AG dropped their target price on shares of Nasdaq from $80.00 to $79.00 and set a buy rating for the company in a report on Friday, April 28th. UBS AG restated a buy rating and set a $81.00 target price (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub raised shares of Nasdaq from a hold rating to a buy rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $70.00 price target on shares of Nasdaq and gave the stock a hold rating in a research note on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $71.00 price target (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $75.30.

Nasdaq (NASDAQ NDAQ) opened at 74.91 on Thursday. The firm has a 50 day moving average of $73.62 and a 200-day moving average of $70.58. Nasdaq has a 12-month low of $63.30 and a 12-month high of $77.75. The stock has a market cap of $12.49 billion, a PE ratio of 56.92 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Nasdaq will post $4.17 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Keefe, Bruyette & Woods Reiterates $76.00 Price Target for Nasdaq, Inc. (NDAQ)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/21/keefe-bruyette-woods-reiterates-76-00-price-target-for-nasdaq-inc-ndaq.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.

In related news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock worth $2,466,989 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NDAQ. YorkBridge Wealth Partners LLC boosted its stake in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC bought a new stake in Nasdaq during the first quarter valued at about $189,000. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the first quarter valued at about $190,000. Finally, MML Investors Services LLC bought a new stake in Nasdaq during the second quarter valued at about $201,000. 75.44% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Company Profile

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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.