Nasdaq (NASDAQ:NDAQ)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Co in a research note issued on Wednesday, January 10th, The Fly reports. They currently have a $83.00 price objective on the financial services provider’s stock, up from their previous price objective of $77.00. Wells Fargo & Co’s target price would indicate a potential upside of 8.92% from the stock’s previous close.
Several other research firms have also issued reports on NDAQ. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. UBS Group reaffirmed a “buy” rating and set a $89.00 price objective (up previously from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a research note on Thursday, October 12th. Finally, Citigroup boosted their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and a consensus price target of $81.86.
Nasdaq (NASDAQ:NDAQ) traded down $1.27 on Wednesday, hitting $76.20. 997,014 shares of the company were exchanged, compared to its average volume of 1,007,711. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.15. Nasdaq has a one year low of $65.98 and a one year high of $83.29. The company has a market capitalization of $13,354.62, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.72 and a beta of 0.71.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $635.00 million for the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. analysts predict that Nasdaq will post 4.81 earnings per share for the current year.
Nasdaq declared that its Board of Directors has approved a stock buyback program on Monday, January 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradley J. Peterson sold 19,169 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the sale, the insider now directly owns 32,214 shares in the company, valued at $2,599,669.80. The disclosure for this sale can be found here. Insiders sold a total of 29,080 shares of company stock valued at $2,330,227 over the last 90 days. Company insiders own 1.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NDAQ. Delta Asset Management LLC TN boosted its holdings in shares of Nasdaq by 6,087.0% during the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,400 shares during the last quarter. Invictus RG purchased a new stake in shares of Nasdaq during the 3rd quarter valued at about $111,000. YorkBridge Wealth Partners LLC boosted its holdings in shares of 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 acquiring an additional 178 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Nasdaq in the 4th quarter worth approximately $125,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 203 shares during the period. 76.11% of the stock is currently owned by 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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