Nasdaq, Inc. (NASDAQ:NDAQ) Receives $82.40 Average Target Price from Analysts

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $82.40.

A number of brokerages recently weighed in on NDAQ. Oppenheimer boosted their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Barclays boosted their target price on Nasdaq from $87.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, UBS Group raised their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th.

Nasdaq Trading Down 0.6 %

Nasdaq stock opened at $76.36 on Friday. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77. The company has a market capitalization of $43.89 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The business’s fifty day simple moving average is $79.10 and its two-hundred day simple moving average is $72.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, equities analysts predict that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the stock. Cumberland Partners Ltd bought a new stake in Nasdaq in the 3rd quarter valued at $10,400,000. Nomura Asset Management Co. Ltd. raised its stake in Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after purchasing an additional 54,594 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Nasdaq in the 3rd quarter valued at about $2,701,000. Dimensional Fund Advisors LP lifted its stake in shares of Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after purchasing an additional 174,778 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Nasdaq by 10.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after purchasing an additional 313,079 shares during the period. Institutional investors own 72.47% of the company’s stock.

About Nasdaq

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.