BidaskClub cut shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a hold rating in a report released on Friday morning, BidAskClub reports.

Several other research firms have also recently weighed in on NDAQ. Argus started coverage on Nasdaq in a research report on Wednesday, February 6th. They set a buy rating and a $97.00 price objective on the stock. Zacks Investment Research lowered Nasdaq from a hold rating to a sell rating in a report on Thursday, January 17th. UBS Group increased their target price on Nasdaq from $100.00 to $103.00 and gave the stock a buy rating in a report on Thursday, April 25th. Finally, Raymond James reduced their target price on Nasdaq from $97.00 to $96.00 and set an outperform rating on the stock in a report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $97.92.

NDAQ stock traded down $0.63 during trading hours on Friday, hitting $90.30. 822,762 shares of the stock were exchanged, compared to its average volume of 588,157. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.31 and a beta of 0.64. Nasdaq has a 12 month low of $75.49 and a 12 month high of $96.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 EPS. Research analysts expect that Nasdaq will post 4.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.47 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, June 13th. Nasdaq’s dividend payout ratio is 36.36%.

In other news, EVP Pc Nelson Griggs sold 1,339 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total transaction of $120,831.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lars Wedenborn sold 1,946 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,846 shares of company stock worth $1,490,582. 0.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its stake in Nasdaq by 2.2% in the first quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock valued at $561,000 after buying an additional 137 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Nasdaq by 5.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,599 shares of the financial services provider’s stock valued at $701,000 after buying an additional 412 shares in the last quarter. PFG Advisors acquired a new stake in Nasdaq in the fourth quarter valued at about $381,000. ARP Americas LP acquired a new stake in Nasdaq in the fourth quarter valued at about $359,000. Finally, Brinker Capital Inc. boosted its stake in Nasdaq by 0.8% in the first quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 117 shares in the last quarter. 75.65% of the stock is currently owned by institutional investors.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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