Analysts Set Nasdaq, Inc. (NASDAQ:NDAQ) PT at $86.50

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $86.50.

Several research firms recently commented on NDAQ. Barclays decreased their price target on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Morgan Stanley downgraded shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a research note on Tuesday, April 8th. Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th.

Insider Buying and Selling at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Grove Bank & Trust grew its holdings in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after buying an additional 216 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Nasdaq in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Nasdaq in the first quarter valued at approximately $26,000. Finally, Founders Capital Management bought a new stake in Nasdaq in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $81.90 on Friday. Nasdaq has a one year low of $58.28 and a one year high of $84.15. The company has a market cap of $47.02 billion, a P/E ratio of 42.66, a P/E/G ratio of 2.12 and a beta of 1.00. The firm’s fifty day moving average price is $75.00 and its two-hundred day moving average price is $77.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Nasdaq will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is 49.09%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.