Argus Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its target price hoisted by Argus from $76.00 to $82.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on NDAQ. Morgan Stanley raised their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group raised their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a report on Monday, October 14th. Finally, Bank of America cut their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.33.

Nasdaq Price Performance

NDAQ stock opened at $76.14 on Tuesday. The stock has a 50-day moving average price of $73.11 and a two-hundred day moving average price of $66.32. The stock has a market cap of $43.76 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 1 year low of $50.05 and a 1 year high of $76.71.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities analysts forecast that Nasdaq will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd increased its stake in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in Nasdaq in the second quarter valued at approximately $26,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter valued at approximately $27,000. Crewe Advisors LLC increased its stake in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Nasdaq in the first quarter valued at approximately $31,000. 72.47% of the stock is owned by institutional investors.

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.