Nasdaq (NDAQ) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a hold rating in a research report sent to investors on Wednesday, December 20th.

A number of other research firms have also recently weighed in on NDAQ. UBS Group reaffirmed a buy rating and issued a $89.00 price objective (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. BidaskClub cut shares of Nasdaq from a hold rating to a sell rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Citigroup lifted their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the company a neutral rating in a report on Thursday, October 19th. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $80.09.

Shares of Nasdaq (NASDAQ NDAQ) traded up $0.97 during trading on Wednesday, hitting $81.43. 924,111 shares of the company traded hands, compared to its average volume of 862,381. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq has a 12-month low of $65.98 and a 12-month high of $81.55. The stock has a market capitalization of $13,580.00, a PE ratio of 53.93, a PEG ratio of 1.75 and a beta of 0.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $599.84 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts predict that Nasdaq will post 4.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. Nasdaq’s dividend payout ratio is currently 100.66%.

In other news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Commerce Bank boosted its position in Nasdaq by 1.9% during the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after acquiring an additional 5,401 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in Nasdaq by 2.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after acquiring an additional 8,695 shares during the last quarter. GAM Holding AG boosted its position in Nasdaq by 0.7% during the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after acquiring an additional 200 shares during the last quarter. Legal & General Group Plc boosted its position in Nasdaq by 2.4% during the second quarter. Legal & General Group Plc now owns 597,473 shares of the financial services provider’s stock worth $42,714,000 after acquiring an additional 14,184 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Nasdaq by 11.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 259,106 shares of the financial services provider’s stock worth $18,523,000 after acquiring an additional 26,517 shares during the last quarter. 75.74% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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