Nasdaq, Inc. (NASDAQ:NDAQ) Receives $68.54 Average PT from Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $71.69.

NDAQ has been the topic of a number of research analyst reports. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and raised their target price for the company from $53.00 to $90.00 in a report on Wednesday. Argus raised their target price on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Barclays raised their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Oppenheimer raised their target price on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NDAQ. Y.D. More Investments Ltd raised its position in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Nasdaq in the 2nd quarter worth about $26,000. Salem Investment Counselors Inc. raised its position in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Crewe Advisors LLC raised its position in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Nasdaq in the 1st quarter worth about $31,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 2.0 %

Shares of NASDAQ:NDAQ opened at $71.95 on Monday. The company has a market capitalization of $41.39 billion, a P/E ratio of 37.87, a P/E/G ratio of 3.06 and a beta of 0.94. Nasdaq has a 1 year low of $46.88 and a 1 year high of $74.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50 day simple moving average is $66.67 and its 200 day simple moving average is $62.40.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for 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 company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, research analysts anticipate that Nasdaq will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Nasdaq Company Profile

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.