Nasdaq (NASDAQ:NDAQ) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, BidAskClub reports.

Several other equities analysts have also recently weighed in on NDAQ. Raymond James lifted their price objective on Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co lifted their price objective on Nasdaq from $97.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Oppenheimer initiated coverage on Nasdaq in a report on Monday. They issued an “outperform” rating and a $111.00 price objective for the company. Finally, Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $103.30.

NASDAQ:NDAQ traded down $0.53 during mid-day trading on Thursday, hitting $102.09. 5,243 shares of the stock were exchanged, compared to its average volume of 508,680. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.84 and a beta of 0.65. The firm’s 50-day simple moving average is $98.88 and its 200 day simple moving average is $94.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq has a fifty-two week low of $75.49 and a fifty-two week high of $105.26.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The business had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. On average, analysts predict that Nasdaq will post 4.92 EPS for the current fiscal year.

In other news, insider Lars Ottersgard sold 4,861 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $99.14, for a total transaction of $481,919.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pc Nelson Griggs sold 1,444 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $101.09, for a total value of $145,973.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,801 shares of company stock valued at $1,158,532 in the last three months. 0.50% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Nasdaq by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,624,390 shares of the financial services provider’s stock worth $1,214,087,000 after acquiring an additional 190,311 shares during the last quarter. BlackRock Inc. grew its position in Nasdaq by 0.8% during the 2nd quarter. BlackRock Inc. now owns 7,679,185 shares of the financial services provider’s stock worth $738,508,000 after acquiring an additional 62,962 shares during the last quarter. Geode Capital Management LLC grew its position in Nasdaq by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 1,593,512 shares of the financial services provider’s stock worth $129,771,000 after acquiring an additional 47,797 shares during the last quarter. Northern Trust Corp grew its position in Nasdaq by 2.7% during the 2nd quarter. Northern Trust Corp now owns 1,439,946 shares of the financial services provider’s stock worth $138,480,000 after acquiring an additional 37,788 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in Nasdaq by 6.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,584 shares of the financial services provider’s stock worth $114,210,000 after acquiring an additional 73,302 shares during the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.

About Nasdaq

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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