Nasdaq (NDAQ) Upgraded at BidaskClub
BidaskClub upgraded shares of Nasdaq (NASDAQ:NDAQ) from a hold rating to a buy rating in a research note released on Friday morning.
A number of other analysts have also recently commented on NDAQ. Bank of America cut shares of Nasdaq from a neutral rating to an underperform rating and cut their price target for the company from $77.00 to $75.00 in a research report on Monday, October 9th. Zacks Investment Research cut shares of Nasdaq from a hold rating to a sell rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reissued a hold rating and set a $78.00 price objective on shares of Nasdaq in a research report on Thursday, October 12th. Royal Bank of Canada set a $78.00 price objective on shares of Nasdaq and gave the stock a hold rating in a research report on Monday, October 16th. Finally, Citigroup increased their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the stock a neutral rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $80.09.
Shares of Nasdaq (NDAQ) traded up $0.97 on Friday, reaching $81.43. 924,100 shares of the company’s stock were exchanged, compared to its average volume of 898,789. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13,590.00, a PE ratio of 53.93, a P/E/G ratio of 1.76 and a beta of 0.79. Nasdaq has a twelve month low of $65.98 and a twelve month high of $81.55.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. research analysts forecast that Nasdaq will post 4.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.38 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.87%. Nasdaq’s payout ratio is 100.66%.
In related news, insider Pc Nelson Griggs sold 1,396 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after acquiring an additional 208,253 shares in the last quarter. Bessemer Group Inc. increased its stake in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after buying an additional 67,975 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock valued at $171,614,000 after buying an additional 151,864 shares during the last quarter. BT Investment Management Ltd purchased a new stake in Nasdaq in the 2nd quarter valued at about $97,982,000. Finally, Frontier Capital Management Co. LLC increased its stake in Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock valued at $96,957,000 after buying an additional 16,264 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.
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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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