Nasdaq, Inc. (NASDAQ:NDAQ) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $73.90.
A number of equities analysts have recently weighed in on the stock. UBS AG reissued a “buy” rating and set a $81.00 price target (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. assumed coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $71.00 price target on shares of Nasdaq in a research report on Thursday, March 30th.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Tompkins Financial Corp acquired a new stake in shares of Nasdaq during the first quarter valued at approximately $143,000. Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Nasdaq during the first quarter valued at approximately $190,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Nasdaq during the first quarter valued at approximately $203,000. 75.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq (NASDAQ NDAQ) traded up 2.35% during midday trading on Friday, hitting $74.45. The stock had a trading volume of 997,865 shares. The stock has a market cap of $12.30 billion, a PE ratio of 86.77 and a beta of 0.76. The stock has a 50-day moving average of $70.94 and a 200 day moving average of $69.60. Nasdaq has a 52 week low of $63.30 and a 52 week high of $74.53.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Analysts anticipate that Nasdaq will post $4.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.04%. Nasdaq’s dividend payout ratio is currently 183.13%.
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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