Several other brokerages also recently weighed in on NDAQ. Wells Fargo & Co lifted their price target on shares of Nasdaq from $97.00 to $112.00 and gave the company an outperform rating in a report on Wednesday, July 10th. Citigroup cut shares of Nasdaq from a neutral rating to a sell rating and boosted their price target for the stock from $93.00 to $95.00 in a research report on Monday, July 22nd. Bank of America restated a neutral rating and issued a $88.00 price target on shares of Nasdaq in a research report on Friday, May 31st. UBS Group boosted their price objective on shares of Nasdaq from $110.00 to $114.00 and gave the company a buy rating in a research report on Friday, September 6th. Finally, Raymond James boosted their target price on shares of Nasdaq from $96.00 to $108.00 and gave the company an outperform rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Nasdaq has an average rating of Hold and an average target price of $102.44.
NASDAQ NDAQ traded up $0.52 during trading on Thursday, hitting $99.52. The company had a trading volume of 468,974 shares, compared to its average volume of 509,532. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Nasdaq has a one year low of $75.49 and a one year high of $105.26. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65. The company’s fifty day moving average is $98.62 and its 200-day moving average is $93.82.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 12th. Nasdaq’s dividend payout ratio (DPR) is 38.84%.
In other Nasdaq news, insider Ann M. Dennison sold 5,496 shares of Nasdaq stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $96.55, for a total transaction of $530,638.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Pc Nelson Griggs sold 1,444 shares of Nasdaq stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $101.09, for a total value of $145,973.96. The disclosure for this sale can be found here. Insiders sold a total of 11,801 shares of company stock valued at $1,158,532 in the last quarter. Company insiders own 0.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NDAQ. Nuveen Asset Management LLC grew its holdings in Nasdaq by 444.4% during the second quarter. Nuveen Asset Management LLC now owns 588,135 shares of the financial services provider’s stock worth $56,561,000 after acquiring an additional 480,100 shares during the period. First Trust Advisors LP increased its stake in Nasdaq by 333.1% in the first quarter. First Trust Advisors LP now owns 514,822 shares of the financial services provider’s stock valued at $45,042,000 after purchasing an additional 395,962 shares during the last quarter. Carlson Capital L P acquired a new position in Nasdaq in the second quarter valued at $21,523,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Nasdaq in the second quarter valued at $19,933,000. Finally, Vanguard Group Inc. increased its stake in Nasdaq by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,624,390 shares of the financial services provider’s stock valued at $1,214,087,000 after purchasing an additional 190,311 shares during the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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