Nasdaq, Inc. (NASDAQ:NDAQ) Receives $79.07 Consensus Target Price from Analysts

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $79.07.

Several equities analysts recently weighed in on NDAQ shares. Barclays increased their price objective on shares of Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. TD Cowen started coverage on Nasdaq in a research note on Thursday, September 26th. They set a “hold” rating and a $83.00 price objective for the company. Morgan Stanley upped their price objective on Nasdaq from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th.

Nasdaq Trading Up 1.8 %

Shares of NDAQ opened at $75.24 on Tuesday. The stock’s fifty day simple moving average is $72.46 and its 200-day simple moving average is $65.60. The firm has a market capitalization of $43.28 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. Nasdaq has a 12-month low of $47.56 and a 12-month high of $75.58. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts predict that Nasdaq will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. Nasdaq’s dividend payout ratio is 50.53%.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nasdaq

Several institutional investors have recently bought and sold shares of NDAQ. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq during the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. grew its stake in Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares in the last quarter. Crewe Advisors LLC increased its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Nasdaq during the 1st quarter worth approximately $31,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.