Nasdaq, Inc. (NASDAQ: NDAQ) has received a consensus rating of “Buy” by the twelve brokerages that hedge the stock, reports Marketbeat. Four investment analysts gave the stock a conservation rating and eight gave the company a buy rating. The 12-month average price target among brokerage firms that reported on the stock in the past year is $ 207.75.
Several research companies have recently weighed in on the NDAQ. Zacks Investment Research downgraded the Nasdaq from a âbuyâ rating to a âconservationâ rating and set a price target of $ 200.00 for the stock. in a research report on Tuesday, September 21. Oppenheimer raised its price target for the Nasdaq stock from $ 206.00 to $ 230.00 and rated the stock as “outperforming” in a report released on Wednesday, October 13. Citigroup raised its price target for Nasdaq shares from $ 193.00 to $ 203.00 and gave the company a “neutral” rating in a research note on Tuesday, October 19. They noted that the move was an appraisal call. Deutsche Bank Aktiengesellschaft lowered its target price for Nasdaq shares from $ 230.00 to $ 225 and set a âbuyâ note for the company in a research note on Thursday, October 21. Finally, Morgan Stanley raised its price target on the Nasdaq from $ 241.00 to $ 252.00 and rated the stock “overweight” in a report released on Tuesday, October 19.
NDAQ shares opened at $ 210.01 on Friday. The company has a 50-day moving average of $ 206.32 and a two-hundred-day moving average of $ 195.03. The stock has a market cap of $ 35.12 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.15 and a beta of 0.83. The company has a leverage ratio of 0.86, a current ratio of 0.98, and a quick ratio of 0.98. The Nasdaq has a one-year low of $ 129.48 and a one-year high of $ 214.96.
The Nasdaq (NASDAQ: NDAQ) last released its quarterly earnings data on Tuesday, October 19. The financial services provider reported EPS of $ 1.78 for the quarter, beating analyst consensus estimates of $ 1.72 by $ 0.06. The company posted revenue of $ 838.00 million in the quarter, compared to analysts’ estimates of $ 833.05 million. The Nasdaq had a net margin of 19.56% and a return on equity of 18.83%. The company’s revenue increased 17.2% year-on-year. In the same quarter of last year, the company posted EPS of $ 1.53. Analysts expect the Nasdaq to post earnings per share of 7.38 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17. Investors of record on Friday, December 3 received a dividend of $ 0.54. This represents a dividend of $ 2.16 on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, December 2. The Nasdaq payout ratio is 31.49%.
In other Nasdaq news, Executive Vice President Jeremy Skule sold 865 shares of the company in a trade on Monday, December 13. The shares were sold at an average price of $ 206.18, for a total trade of $ 178,345.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In addition, EVP Pc Nelson Griggs sold 1,000 shares of the company in a transaction dated Thursday, October 28. The shares were sold at an average price of $ 205.81, for a total trade of $ 205,810.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 5,344 shares of the company valued at $ 1,087,150. Company insiders own 0.60% of the company’s shares.
Institutional investors and hedge funds recently bought and sold shares in the company. UBS Asset Management Americas Inc. increased its position in the Nasdaq by 1.8% during the third quarter. UBS Asset Management Americas Inc. now owns 497,673 shares of the financial services provider valued at $ 96,061,000 after acquiring an additional 8,962 shares during the period. Strategy Asset Managers LLC acquired a new position in Nasdaq stocks during the third quarter valued at approximately $ 837,000. Guinness Asset Management LTD increased its stake in Nasdaq shares by 67.4% in the third quarter. Guinness Asset Management LTD now owns 3,975 shares of the financial services provider valued at $ 767,000 after purchasing an additional 1,600 shares during the period. Tealwood Asset Management Inc. purchased a new equity stake in Nasdaq in the third quarter valued at approximately $ 1,522,000. Finally, Liontrust Investment Partners LLP acquired a new stake in Nasdaq during the third quarter valued at approximately $ 147,850,000. 71.30% of the capital is held by institutional investors.
About the Nasdaq
Nasdaq, Inc is a holding company engaged in trading, clearing, trading technology, regulation, securities listing, information, and services to public and private companies. It operates through the following segments: market services, business services, information services and market technology. The Market Services segment includes its trading and clearing of equity derivatives, spot equity trading, FICC and business management services.
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