ValuEngine upgraded shares of Nasdaq, Inc. (NASDAQ:NDAQ) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Nasdaq from a hold rating to a buy rating in a research note on Friday, August 4th. UBS AG reaffirmed 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. Zacks Investment Research raised shares of Nasdaq from a sell rating to a hold rating in a research note on Tuesday, October 17th. Royal Bank Of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a hold rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $77.40.
Nasdaq (NDAQ) traded up $0.04 on Wednesday, hitting $75.97. The stock had a trading volume of 884,165 shares, compared to its average volume of 885,818. The stock has a market capitalization of $12,670.00, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.12 and a beta of 0.76. Nasdaq has a one year low of $63.36 and a one year high of $78.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The company had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. equities analysts expect that Nasdaq will post 4.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s payout ratio is 100.66%.
In other news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 1,396 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The disclosure for this sale can be found here. Insiders have sold 5,611 shares of company stock worth $425,419 over the last three months. Company insiders own 1.60% of the company’s stock.
Several large investors have recently modified their holdings of NDAQ. YorkBridge Wealth Partners LLC grew its position in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the last quarter. Invictus RG acquired a new stake in shares of Nasdaq in the third quarter valued at about $111,000. Pacer Advisors Inc. grew its position in shares of Nasdaq by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. Conning Inc. acquired a new stake in shares of Nasdaq in the third quarter valued at about $200,000. Finally, MML Investors Services LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $201,000. 76.09% of the stock is currently owned by institutional investors.
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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