Nasdaq (NASDAQ:NDAQ) had its price objective increased by UBS Group from $103.00 to $113.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Co increased their target price on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. Bank of America set a $77.00 target price on shares of Zscaler and gave the stock a neutral rating in a research note on Friday, May 31st. Finally, BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $100.70.

Shares of NDAQ opened at $104.28 on Wednesday. Nasdaq has a fifty-two week low of $75.49 and a fifty-two week high of $104.61. The firm has a market capitalization of $17.28 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.64. The business’s 50-day simple moving average is $96.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. The business had revenue of $638.00 million during the quarter, compared to the consensus estimate of $632.71 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq will post 4.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.88 dividend on an annualized basis and a yield of 1.80%. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s dividend payout ratio (DPR) is presently 38.84%.

In related news, Director Charlene T. Begley sold 6,160 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $96.54, for a total value of $594,686.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley J. Peterson sold 1,550 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $96.65, for a total transaction of $149,807.50. Following the completion of the sale, the insider now owns 21,408 shares of the company’s stock, valued at approximately $2,069,083.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,715 shares of company stock valued at $2,923,953. 0.50% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Brinker Capital Inc. increased its holdings in Nasdaq by 0.8% in the first quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 117 shares in the last quarter. Guinness Asset Management Ltd increased its holdings in Nasdaq by 3.9% in the first quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock valued at $295,000 after buying an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Nasdaq by 2.2% in the first quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock valued at $561,000 after buying an additional 137 shares in the last quarter. Smith Salley & Associates increased its stake in shares of Nasdaq by 3.3% during the 2nd quarter. Smith Salley & Associates now owns 4,595 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 145 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Nasdaq by 1.7% during the 1st quarter. Norinchukin Bank The now owns 9,142 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Nasdaq Company Profile

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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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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