Nasdaq (NASDAQ:NDAQ) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, November 15th.
NDAQ has been the subject of a number of other reports. Barclays reduced their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Citigroup raised their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $76.00 price objective (up from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Nasdaq has an average rating of “Hold” and an average price target of $78.22.
Nasdaq (NASDAQ:NDAQ) traded down $0.33 during midday trading on Wednesday, reaching $78.93. 1,146,562 shares of the company’s stock traded hands, compared to its average volume of 885,149. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13,175.10, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. Nasdaq has a 52 week low of $64.31 and a 52 week high of $80.00.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The company had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. sell-side analysts forecast that Nasdaq will post 4.18 earnings per share for the current year.
In related news, insider Pc Nelson Griggs sold 1,396 shares of Nasdaq stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NDAQ. YorkBridge Wealth Partners LLC lifted its holdings in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the last quarter. Invictus RG bought a new position in Nasdaq during the 3rd quarter valued at about $111,000. Pacer Advisors Inc. lifted its holdings in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. Conning Inc. bought a new position in Nasdaq during the 3rd quarter valued at about $200,000. Finally, MML Investors Services LLC acquired a new stake in Nasdaq in the 2nd quarter valued at about $201,000. 76.06% of the stock is owned by hedge funds and other institutional investors.
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Nasdaq Company Profile
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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