Nasdaq (NASDAQ:NDAQ) Given New $96.00 Price Target at Barclays

Nasdaq (NASDAQ:NDAQ) had its target price reduced by Barclays from $97.00 to $96.00 in a report issued on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also weighed in on NDAQ. William Blair began coverage on Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. UBS Group increased their target price on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Price Performance

NDAQ stock opened at $76.18 on Monday. The firm has a market cap of $43.79 billion, a P/E ratio of 45.62, a P/E/G ratio of 3.12 and a beta of 0.98. The firm’s fifty day moving average is $79.29 and its 200 day moving average is $73.00. Nasdaq has a 52 week low of $54.90 and a 52 week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

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

Nasdaq Dividend Announcement

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

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last quarter. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Nasdaq

Several institutional investors and hedge funds have recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP raised its stake in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the period. State Street Corp increased its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Harris Associates L P lifted its holdings in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after acquiring an additional 1,096,090 shares during the period. Finally, Geode Capital Management LLC boosted its position in Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares during the last quarter. Hedge funds and other 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.