Nasdaq, Inc. (NDAQ) Receives Buy Rating from UBS AG
UBS AG reissued their buy rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research note released on Thursday, 99wallstreet.com reports. They currently have a $85.00 target price on the financial services provider’s stock, up from their previous target price of $80.00.
A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada set a $74.00 target price on shares of Nasdaq and gave the stock a hold rating in a report on Monday, July 17th. Zacks Investment Research raised shares of Nasdaq from a sell rating to a hold rating in a report on Monday, July 17th. Jefferies Group LLC reissued a hold rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a report on Monday, July 17th. BidaskClub cut shares of Nasdaq from a buy rating to a hold rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. began coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a neutral rating and a $72.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $75.22.
Shares of Nasdaq (NDAQ) traded down 0.03% during trading on Thursday, reaching $74.35. The company had a trading volume of 252,093 shares. Nasdaq has a 52-week low of $63.30 and a 52-week high of $75.23. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 56.93 and a beta of 0.75. The stock has a 50 day moving average of $71.51 and a 200 day moving average of $69.75.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter last year, the company posted $0.91 earnings per share. Nasdaq’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Nasdaq will post $4.16 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. Nasdaq’s payout ratio is currently 118.75%.
Several large investors have recently made changes to their positions in the stock. Tompkins Financial Corp purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $143,000. Fox Run Management L.L.C. purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $530,000. Private Trust Co. NA raised its stake in shares of Nasdaq by 4.0% in the first quarter. Private Trust Co. NA now owns 8,533 shares of the financial services provider’s stock valued at $592,000 after buying an additional 325 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Nasdaq by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,230 shares of the financial services provider’s stock valued at $780,000 after buying an additional 170 shares during the last quarter. Finally, CrestPoint Capital Management LLC purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $924,000. Institutional investors own 75.50% 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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