Weekly Analysts’ Ratings Updates for Nasdaq (NDAQ)

Nasdaq (NASDAQ: NDAQ) recently received a number of ratings updates from brokerages and research firms:

• 7/26/2024 – Nasdaq had its price target raised by analysts at Barclays PLC from $74.00 to $77.00. They now have an “overweight” rating on the stock.
• 7/26/2024 – Nasdaq had its price target raised by analysts at Oppenheimer Holdings Inc. from $72.00 to $75.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Nasdaq had its price target raised by analysts at Keefe, Bruyette & Woods from $76.00 to $78.00. They now have an “outperform” rating on the stock.
• 7/10/2024 – Nasdaq had its price target raised by analysts at Barclays PLC from $73.00 to $74.00. They now have an “overweight” rating on the stock.

Nasdaq Stock Down 0.0 %

Shares of NDAQ stock traded down $0.01 on Wednesday, reaching $69.14. 238,535 shares of the company were exchanged, compared to its average volume of 2,979,858. The company has a market cap of $39.77 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.74 and a beta of 0.94. The company has a 50-day moving average of $61.15 and a 200-day moving average of $59.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $70.01.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.39%. Nasdaq’s dividend payout ratio is 50.53%.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in Nasdaq by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,151 shares of the financial services provider’s stock valued at $6,216,000 after purchasing an additional 878 shares during the period. Rothschild Investment LLC bought a new position in Nasdaq in the 2nd quarter valued at $75,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Nasdaq by 15.3% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,057 shares of the financial services provider’s stock worth $3,318,000 after acquiring an additional 7,307 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Nasdaq by 5.5% during the 2nd quarter. Signaturefd LLC now owns 6,422 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 335 shares during the last quarter. Finally, Global Financial Private Client LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth $335,000. 72.47% of the stock is owned by institutional investors.

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.