UBS AG Reiterates “Buy” Rating for Nasdaq, Inc. (NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “buy” rating reiterated by UBS AG in a research note issued on Thursday, The Fly reports. They currently have a $85.00 price objective on the financial services provider’s stock, up from their previous price objective of $80.00. UBS AG’s price objective would indicate a potential upside of 14.17% from the company’s previous close.

Several other analysts have also issued reports on the company. Royal Bank Of Canada set a $74.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC reissued a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. began coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $74.36.

Nasdaq (NASDAQ NDAQ) opened at 74.45 on Thursday. The firm’s 50-day moving average price is $71.25 and its 200 day moving average price is $69.67. The firm has a market cap of $12.30 billion, a P/E ratio of 86.77 and a beta of 0.76. Nasdaq has a one year low of $63.30 and a one year high of $74.53.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts forecast that Nasdaq will post $4.14 EPS for the current year.

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Several hedge funds have recently made changes to their positions in NDAQ. Tompkins Financial Corp acquired a new stake in shares of Nasdaq during the first quarter valued at $143,000. Pacer Advisors Inc. increased 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 in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Nasdaq during the first quarter valued at $189,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Nasdaq during the first quarter valued at $190,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Nasdaq during the first quarter valued at $203,000. Institutional investors and hedge funds own 75.50% of the company’s stock.

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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