ValuEngine downgraded shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a hold rating in a research report sent to investors on Monday.

Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Nasdaq from a hold rating to a buy rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Nasdaq from a sell rating to a buy rating and set a $101.00 price target on the stock in a research note on Tuesday, September 25th. Deutsche Bank cut their price target on shares of Nasdaq from $103.00 to $97.00 and set a buy rating on the stock in a research note on Thursday, October 11th. Finally, Citigroup cut their price target on shares of Nasdaq from $93.00 to $88.00 and set a neutral rating on the stock in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $95.71.

NASDAQ NDAQ traded up $0.17 during mid-day trading on Monday, reaching $80.72. 17,790 shares of the stock were exchanged, compared to its average volume of 848,662. Nasdaq has a 1-year low of $72.98 and a 1-year high of $96.84. The firm has a market cap of $13.11 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.01. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The firm had revenue of $600.00 million for the quarter, compared to analyst estimates of $605.67 million. During the same quarter last year, the business earned $1.01 earnings per share. Nasdaq’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq will post 4.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, December 13th. Nasdaq’s dividend payout ratio is currently 43.35%.

In other news, insider Ann M. Dennison sold 1,553 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lars Wedenborn sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. First Hawaiian Bank raised its stake in shares of Nasdaq by 220.3% in the 4th quarter. First Hawaiian Bank now owns 3,783 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 2,602 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Nasdaq by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 37,983 shares of the financial services provider’s stock valued at $3,096,000 after acquiring an additional 191 shares during the period. CENTRAL TRUST Co raised its stake in shares of Nasdaq by 15.9% in the 4th quarter. CENTRAL TRUST Co now owns 1,775 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 243 shares during the period. Avitas Wealth Management LLC raised its stake in shares of Nasdaq by 2.1% in the 3rd quarter. Avitas Wealth Management LLC now owns 33,704 shares of the financial services provider’s stock valued at $2,892,000 after acquiring an additional 684 shares during the period. Finally, Federated Investors Inc. PA purchased a new position in shares of Nasdaq in the 3rd quarter valued at $106,000. 75.48% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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