Nasdaq (NASDAQ:NDAQ – Free Report) had its price objective upped by Barclays from $74.00 to $77.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.
A number of other equities analysts have also issued reports on NDAQ. Rosenblatt Securities lowered shares of Nasdaq from a buy rating to a neutral rating and dropped their target price for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. Morgan Stanley raised shares of Nasdaq from an equal weight rating to an overweight rating and upped their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an outperform rating in a research report on Friday. Argus upped their price target on Nasdaq from $64.00 to $66.00 and gave the company a buy rating in a report on Tuesday, May 14th. Finally, Edward Jones assumed coverage on Nasdaq in a report on Wednesday, April 3rd. They set a buy rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $68.25.
Read Our Latest Stock Report on Nasdaq
Nasdaq Stock Up 1.4 %
Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. As a group, equities research analysts anticipate that Nasdaq will post 2.71 EPS for the current year.
Nasdaq Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is 50.53%.
Insiders Place Their Bets
In other news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.
Hedge Funds Weigh In On Nasdaq
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smithfield Trust Co raised its stake in shares of Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 173 shares during the last quarter. Greenleaf Trust increased its holdings in Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 183 shares in the last quarter. Salem Investment Counselors Inc. raised its position in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Cigna Investments Inc. New boosted its stake in Nasdaq by 5.6% in the first quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 205 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in shares of Nasdaq by 18.6% during the second quarter. Hilltop National Bank now owns 1,591 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 250 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.
About Nasdaq
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.
Featured Articles
- Five stocks we like better than Nasdaq
- Investing In Preferred Stock vs. Common Stock
- Survey: Top 175 Fittest Retirement Locations in America
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Overbought Stocks Explained: Should You Trade Them?
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.