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.
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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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