Nasdaq Inc (NASDAQ:NDAQ) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 2,800,000 shares, a decrease of 5.1% from the April 30th total of 2,950,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.5% of the company’s stock are sold short.
Several brokerages recently commented on NDAQ. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Wells Fargo & Co reduced their target price on shares of Nasdaq from $128.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Compass Point reduced their target price on shares of Nasdaq from $113.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Citigroup increased their target price on shares of Nasdaq from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Bank of America cut their price target on shares of Nasdaq from $114.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Nasdaq presently has an average rating of “Buy” and a consensus target price of $111.00.
In related news, EVP Bjorn Sibbern sold 3,012 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $111.15, for a total transaction of $334,783.80. Following the completion of the transaction, the executive vice president now owns 13,599 shares in the company, valued at $1,511,528.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,755 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $109.44, for a total transaction of $301,507.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
Shares of NDAQ stock opened at $115.34 on Friday. The stock has a market cap of $18.70 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day moving average price of $106.83 and a two-hundred day moving average price of $105.93. Nasdaq has a one year low of $71.66 and a one year high of $120.23.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The company had revenue of $701.00 million during the quarter, compared to analysts’ expectations of $692.43 million. Nasdaq had a net margin of 15.94% and a return on equity of 16.08%. Nasdaq’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 EPS. As a group, equities research analysts anticipate that Nasdaq will post 5.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, June 11th. This is a boost from Nasdaq’s previous quarterly dividend of $0.47. Nasdaq’s dividend payout ratio (DPR) is currently 37.60%.
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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