Nasdaq, Inc. (NDAQ) Receives Consensus Recommendation of “Hold” from Brokerages
Nasdaq, Inc. (NASDAQ:NDAQ) has been given an average rating of “Hold” by the eleven analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $76.22.
A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a research note on Monday. Barclays PLC assumed coverage on shares of Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective on the stock. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, UBS AG reiterated a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th.
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In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lars Wedenborn sold 3,045 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 in the last three months. Corporate insiders own 1.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new position in Nasdaq in the second quarter worth $214,000. Nikko Asset Management Americas Inc. boosted its holdings in Nasdaq by 1,325.8% in the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares during the period. Commerce Bank boosted its holdings in Nasdaq by 1.9% in the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares during the period. Summit Securities Group LLC acquired a new position in Nasdaq in the second quarter worth $645,000. Finally, GAM Holding AG boosted its holdings in Nasdaq by 0.7% in the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 200 shares during the period. 74.31% of the stock is owned by institutional investors and hedge funds.
Nasdaq (NASDAQ:NDAQ) traded down 0.2580% on Friday, reaching $74.5472. 456,433 shares of the company’s stock traded hands. The firm has a market capitalization of $12.43 billion, a P/E ratio of 56.6468 and a beta of 0.77. The stock has a 50-day moving average of $75.16 and a 200 day moving average of $71.10. Nasdaq has a 52 week low of $63.30 and a 52 week high of $77.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities analysts expect that Nasdaq will post $4.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.
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.
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