Nasdaq, Inc. (NASDAQ:NDAQ) had its price target raised by Citigroup Inc. from $75.00 to $82.00 in a research report sent to investors on Thursday, October 19th. Citigroup Inc. currently has a neutral rating on the financial services provider’s stock.
A number of other analysts have also recently issued reports on the company. BidaskClub upgraded Nasdaq from a sell rating to a hold rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a hold rating in a report on Thursday, August 17th. Royal Bank Of Canada reiterated a hold rating and set a $76.00 target price on shares of Nasdaq in a report on Monday, September 11th. Bank of America Corporation cut Nasdaq from a neutral rating to an underperform rating and decreased their target price for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, Barclays PLC initiated coverage on Nasdaq in a report on Friday, September 8th. They set an overweight rating and a $85.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $77.40.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 0.07% during mid-day trading on Thursday, reaching $72.34. 1,321,508 shares of the company’s stock were exchanged. The company’s 50 day moving average is $75.17 and its 200 day moving average is $72.28. The stock has a market capitalization of $12.07 billion, a PE ratio of 54.97 and a beta of 0.77. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Nasdaq will post $4.17 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is currently 100.00%.
In related news, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,844 shares of company stock worth $1,672,250. Corporate insiders own 1.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Advisor Partners LLC acquired a new stake in Nasdaq in the second quarter worth $214,000. Nikko Asset Management Americas Inc. increased its position in Nasdaq by 1,325.8% in the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after buying an additional 118,000 shares during the period. Commerce Bank increased its position in Nasdaq by 1.9% in the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after buying an additional 5,401 shares during the period. Summit Securities Group LLC acquired a new stake in Nasdaq in the second quarter worth $645,000. Finally, GAM Holding AG increased its position in Nasdaq by 0.7% in the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after buying an additional 200 shares during the period. 74.48% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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