BidaskClub Upgrades Nasdaq (NDAQ) to Buy

BidaskClub upgraded shares of Nasdaq (NASDAQ:NDAQ) from a hold rating to a buy rating in a report issued on Friday.

Several other research firms also recently weighed in on NDAQ. Zacks Investment Research downgraded shares of Nasdaq from a buy rating to a hold rating in a research note on Thursday, January 11th. Bank of America downgraded shares of Nasdaq from a neutral rating to an underperform rating and lowered their price target for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. 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. UBS Group reissued a buy rating and issued a $89.00 price target (up from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. Finally, Wells Fargo & Co reissued a market perform rating and issued a $83.00 price target (up from $77.00) on shares of Nasdaq in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $80.09.

Nasdaq (NASDAQ:NDAQ) traded up $0.97 during trading on Friday, reaching $81.43. 924,100 shares of the company’s stock traded hands, compared to its average volume of 898,789. 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 $13,590.00, a P/E ratio of 53.93, a PEG ratio of 1.76 and a beta of 0.79. Nasdaq has a 1-year low of $65.98 and a 1-year high of $81.55.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, December 14th. Nasdaq’s payout ratio is 100.66%.

In related news, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Nasdaq by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 356,884 shares of the financial services provider’s stock worth $25,514,000 after buying an additional 3,494 shares in the last quarter. Pacer Advisors Inc. lifted its position in Nasdaq by 8.6% during 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 period. Principal Financial Group Inc. lifted its position in Nasdaq by 0.3% during the second quarter. Principal Financial Group Inc. now owns 174,415 shares of the financial services provider’s stock valued at $12,469,000 after purchasing an additional 503 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Nasdaq by 19.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,456 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 1,072 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Nasdaq during the second quarter valued at approximately $1,596,000. Institutional investors and hedge funds own 75.97% of the company’s stock.

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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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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