Nasdaq, Inc. (NDAQ) Earns Overweight Rating from Analysts at Barclays PLC

Barclays PLC assumed coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage issued an overweight rating and a $85.00 target price on the financial services provider’s stock.

A number of other equities analysts have also issued reports on NDAQ. Deutsche Bank AG reiterated a buy rating and set a $77.00 target price (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. Royal Bank Of Canada reiterated a hold rating and set a $74.00 target price on shares of Nasdaq in a research report on Tuesday, June 13th. BidaskClub upgraded shares of Nasdaq from a sell rating to a hold rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a research report on Tuesday, June 27th. Finally, Citigroup Inc. started coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a neutral rating and a $72.00 target price on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $76.10.

Shares of Nasdaq (NASDAQ NDAQ) opened at 74.35 on Friday. The company has a market cap of $12.40 billion, a PE ratio of 56.50 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $77.75. The company’s 50-day moving average price is $75.05 and its 200 day moving average price is $71.06.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. During the same period in the prior year, the business earned $0.91 earnings per share. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Nasdaq will post $4.17 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.04%. Nasdaq’s dividend payout ratio is currently 118.75%.

In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock worth $2,788,100 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. YorkBridge Wealth Partners LLC raised its holdings in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares during the period. Pacer Advisors Inc. raised its holdings in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 77 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Nasdaq in the first quarter worth $190,000. MML Investors Services LLC acquired a new stake in Nasdaq in the second quarter worth $201,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Nasdaq in the first quarter worth $203,000. Institutional investors own 74.31% 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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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