Nasdaq, Inc. (NDAQ) PT Set at $78.00 by Royal Bank Of Canada
Nasdaq, Inc. (NASDAQ:NDAQ) has been given a $78.00 target price by equities research analysts at Royal Bank Of Canada in a research note issued on Monday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 4.40% from the stock’s current price.
A number of other research firms have also recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG restated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.50.
Shares of Nasdaq (NDAQ) opened at 74.71 on Monday. The firm has a 50-day moving average price of $75.64 and a 200 day moving average price of $72.02. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 56.77 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $78.31.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Equities analysts forecast that Nasdaq will post $4.16 earnings per share for the current fiscal year.
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In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock worth $2,788,100 in the last 90 days. Insiders own 1.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of NDAQ. YorkBridge Wealth Partners LLC boosted its holdings in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 203 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Nasdaq during the second quarter worth $201,000. IFP Advisors Inc boosted its holdings in shares of Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 243 shares during the last quarter. Finally, Advisor Partners LLC acquired a new stake in shares of Nasdaq during the second quarter worth $214,000. Institutional investors and hedge funds own 74.44% of the company’s stock.
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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