Nasdaq, Inc. (NDAQ) Upgraded to Buy by ValuEngine

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.

TRADEMARK VIOLATION WARNING: This report was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2017/11/16/nasdaq-inc-ndaq-upgraded-to-buy-by-valuengine.html.

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.

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply