Nasdaq, Inc. (NASDAQ:NDAQ) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $75.25.
A number of research analysts have recently issued reports on NDAQ shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. BidaskClub cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Royal Bank Of Canada raised their price objective on Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.
In related news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock valued at $1,069,202,000 after buying an additional 146,050 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after buying an additional 208,253 shares during the last quarter. BlackRock Inc. boosted its stake in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after buying an additional 9,303,493 shares during the last quarter. State Street Corp boosted its stake in Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock valued at $367,865,000 after buying an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after buying an additional 358,414 shares during the last quarter. 75.44% of the stock is currently owned by institutional investors.
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Nasdaq (NASDAQ NDAQ) traded up 0.26% during midday trading on Tuesday, hitting $77.00. The company’s stock had a trading volume of 782,613 shares. The stock has a 50 day moving average of $73.20 and a 200 day moving average of $70.45. Nasdaq has a 52-week low of $63.30 and a 52-week high of $77.20. The company has a market cap of $12.84 billion, a PE ratio of 58.51 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Nasdaq will post $4.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. Nasdaq’s payout ratio is presently 118.75%.
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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