Nasdaq (NASDAQ:NDAQ) Coverage Initiated by Analysts at TD Cowen

TD Cowen started coverage on shares of Nasdaq (NASDAQ:NDAQ) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $83.00 price objective on the financial services provider’s stock.

Several other research firms have also weighed in on NDAQ. Oppenheimer lifted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company an outperform rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nasdaq from $66.00 to $72.00 and gave the company a hold rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an outperform rating in a report on Friday, July 26th. Bank of America raised shares of Nasdaq from an underperform rating to a buy rating and boosted their price target for the stock from $53.00 to $90.00 in a report on Wednesday, September 4th. Finally, Barclays boosted their price target on shares of Nasdaq from $74.00 to $77.00 and gave the stock an overweight rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $73.87.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $72.60 on Thursday. 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 firm has a market cap of $41.76 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The company has a 50 day moving average price of $70.10 and a 200-day moving average price of $64.11. Nasdaq has a 1-year low of $46.88 and a 1-year high of $74.88.

Nasdaq (NASDAQ:NDAQ) last posted 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 analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts forecast that Nasdaq will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. Nasdaq’s payout ratio is 50.53%.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now 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 is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nasdaq in the second quarter valued at about $2,471,000. Verity & Verity LLC acquired a new position in Nasdaq in the second quarter valued at about $418,000. Sanctuary Advisors LLC acquired a new position in Nasdaq in the second quarter valued at about $3,018,000. B. Riley Wealth Advisors Inc. acquired a new position in Nasdaq in the second quarter valued at about $291,000. Finally, Sunbelt Securities Inc. lifted its position in Nasdaq by 65.3% in the second quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider’s stock valued at $170,000 after buying an additional 1,112 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

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.