Nasdaq (NDAQ) Getting Favorable News Coverage, Analysis Shows

Media stories about Nasdaq (NASDAQ:NDAQ) have been trending positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nasdaq earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 44.9314256734923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several research analysts have weighed in on the company. Royal Bank Of Canada restated a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research note on Monday. Barclays PLC assumed coverage on Nasdaq in a research note on Friday. They issued an “overweight” rating and a $85.00 price target for the company. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, UBS AG restated a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $76.10.

Nasdaq (NASDAQ:NDAQ) opened at 74.17 on Tuesday. Nasdaq has a 52-week low of $63.30 and a 52-week high of $77.75. The stock’s 50 day moving average price is $75.12 and its 200-day moving average price is $71.06. The company has a market capitalization of $12.37 billion, a P/E ratio of 56.36 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $596.55 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Nasdaq will post $4.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.

In related news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 over the last quarter. 1.60% of the stock is owned by company insiders.

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About Nasdaq

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.

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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