Nasdaq (NDAQ) Lowered to Hold at BidaskClub

BidaskClub cut shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research firms have also issued reports on NDAQ. Zacks Investment Research lowered Nasdaq from a buy rating to a hold rating in a research report on Thursday, January 11th. Jefferies Group reaffirmed a hold rating and issued a $83.50 price target on shares of Nasdaq in a research report on Tuesday. Wells Fargo & Co reaffirmed a market perform rating and issued a $83.00 price target (up previously from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th. UBS Group reaffirmed a buy rating and issued a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. Finally, ValuEngine raised Nasdaq from a hold rating to a buy rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Nasdaq has an average rating of Hold and an average target price of $81.23.

Shares of Nasdaq (NASDAQ:NDAQ) traded up $0.24 during mid-day trading on Friday, hitting $80.07. 675,606 shares of the stock were exchanged, compared to its average volume of 852,576. Nasdaq has a 1 year low of $65.98 and a 1 year high of $82.15. The company has a market cap of $13,400.00, a PE ratio of 53.03, a PEG ratio of 1.68 and a beta of 0.79. 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 (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 firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. Nasdaq’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. equities research analysts expect that Nasdaq will post 4.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is 100.66%.

In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the transaction, the insider now directly owns 32,214 shares of the company’s stock, valued at approximately $2,599,669.80. The disclosure for this sale can be found here. In the last three months, insiders sold 22,629 shares of company stock valued at $1,809,309. 1.60% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the business. Thrivent Financial For Lutherans raised its position in Nasdaq by 2.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock worth $310,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Nasdaq by 13.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Nasdaq by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,912 shares of the financial services provider’s stock worth $566,000 after buying an additional 266 shares during the last quarter. Sentry Investment Management LLC raised its position in Nasdaq by 3.8% in the 2nd quarter. Sentry Investment Management LLC now owns 7,500 shares of the financial services provider’s stock worth $536,000 after buying an additional 274 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Nasdaq by 10.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,026 shares of the financial services provider’s stock worth $216,000 after buying an additional 298 shares during the last quarter. 75.97% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/21/nasdaq-ndaq-lowered-to-hold-at-bidaskclub.html.

About Nasdaq

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply