Nasdaq, Inc. (NASDAQ:NDAQ) Stock Has Consensus Target Price of $110.30

Nasdaq, Inc. (NASDAQ:NDAQ) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $110.30.

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. TD Cowen restated a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th.

Nasdaq Price Performance

NASDAQ NDAQ opened at $93.55 on Tuesday. Nasdaq has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The stock’s 50-day moving average is $94.96 and its two-hundred day moving average is $89.86. The firm has a market cap of $52.29 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, analysts anticipate that Nasdaq will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Insiders Place Their Bets

In other news, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nelson Griggs sold 11,010 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This represents a 5.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,047 shares of company stock valued at $4,139,191 in the last quarter. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NDAQ. BlackRock Inc. acquired a new position in shares of Nasdaq during the second quarter worth approximately $2,931,637,000. Geode Capital Management LLC raised its stake in Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the last quarter. Bank of America Corp DE acquired a new position in Nasdaq during the 2nd quarter valued at $603,631,000. Nuveen LLC boosted its holdings in Nasdaq by 82.0% in the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider’s stock valued at $589,897,000 after purchasing an additional 2,736,322 shares during the period. Finally, Norges Bank bought a new stake in Nasdaq in the 4th quarter valued at $530,100,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Company Profile

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.