Brokerages Set Nasdaq, Inc. (NDAQ) Price Target at $77.40
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have earned an average rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $77.40.
A number of research firms have weighed in on NDAQ. Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Barclays PLC cut their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Citigroup Inc. raised their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. Nasdaq’s dividend payout ratio (DPR) is 100.00%.
In related news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward S. Knight sold 14,629 shares of Nasdaq stock in a transaction on Monday, August 14th. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,844 shares of company stock worth $1,672,250. 1.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new position in Nasdaq in the 3rd quarter valued at $19,865,000. State of Tennessee Treasury Department grew its position in Nasdaq by 162.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 81,768 shares of the financial services provider’s stock valued at $6,343,000 after buying an additional 50,595 shares during the last quarter. Stevens Capital Management LP purchased a new position in Nasdaq in the 3rd quarter valued at $7,318,000. Polaris Greystone Financial Group LLC grew its position in Nasdaq by 1.4% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 273,465 shares of the financial services provider’s stock valued at $21,213,000 after buying an additional 3,699 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Nasdaq by 11.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,500 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 1,953 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Nasdaq Company Profile
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.
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