UBS Reaffirms Buy Rating for Nasdaq (NDAQ)

Nasdaq (NASDAQ:NDAQ)‘s stock had its “buy” rating reaffirmed by UBS in a note issued to investors on Monday, 99wallstreet.com reports. They presently have a $89.00 target price on the financial services provider’s stock, up from their prior target price of $83.00. UBS’s price target would indicate a potential upside of 12.27% from the stock’s current price.

NDAQ has been the subject of a number of other research reports. ValuEngine raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Barclays reduced their price objective on Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a research note on Thursday, October 12th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Citigroup upped their target price on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Nasdaq has an average rating of “Hold” and a consensus target price of $78.67.

Nasdaq (NASDAQ:NDAQ) opened at $79.27 on Monday. Nasdaq has a one year low of $65.98 and a one year high of $80.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $13,168.45, a P/E ratio of 19.18, a PEG ratio of 2.22 and a beta of 0.78.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts expect that Nasdaq will post 4.18 earnings per share for the current year.

In other news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $76.58, for a total transaction of $158,061.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nikko Asset Management Americas Inc. increased its position in shares of Nasdaq by 1,325.8% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock valued at $9,072,000 after acquiring an additional 118,000 shares during the period. Commerce Bank grew its holdings in Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock valued at $20,292,000 after purchasing an additional 5,401 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in Nasdaq by 2.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock valued at $25,969,000 after purchasing an additional 8,695 shares in the last quarter. GAM Holding AG grew its holdings in Nasdaq by 0.7% during the 2nd quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock valued at $2,056,000 after purchasing an additional 200 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Nasdaq by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 597,473 shares of the financial services provider’s stock valued at $42,714,000 after purchasing an additional 14,184 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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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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