Nasdaq Inc. (NASDAQ:NDAQ) had its price objective lowered by Barclays PLC from $79.00 to $77.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 14.52% from the stock’s previous close.
A number of other equities research analysts have also commented on NDAQ. Deutsche Bank AG upped their price target on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Jefferies Group reiterated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Thursday. Credit Suisse Group AG reiterated a “buy” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. upped their price target on Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.26.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 67.24 on Thursday. The company has a 50-day moving average price of $68.97 and a 200-day moving average price of $66.70. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 23.28 and a beta of 0.81. Nasdaq has a 12 month low of $54.62 and a 12 month high of $71.92.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The firm had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts forecast that Nasdaq will post $3.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 44.44%.
In related news, insider Pc Nelson Griggs sold 2,945 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total transaction of $210,626.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total value of $1,376,672.00. Following the transaction, the insider now directly owns 76,407 shares in the company, valued at $5,379,052.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BB&T Securities LLC purchased a new position in Nasdaq during the first quarter worth $402,000. OMERS ADMINISTRATION Corp purchased a new position in Nasdaq during the first quarter worth $226,000. Canada Pension Plan Investment Board increased its position in Nasdaq by 19.9% in the first quarter. Canada Pension Plan Investment Board now owns 163,268 shares of the company’s stock worth $10,838,000 after buying an additional 27,100 shares during the period. Credit Agricole S A increased its position in Nasdaq by 540.1% in the first quarter. Credit Agricole S A now owns 242,439 shares of the company’s stock worth $16,093,000 after buying an additional 204,566 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Nasdaq by 60.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,555 shares of the company’s stock worth $435,000 after buying an additional 2,480 shares during the period. 74.21% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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.