Shares of Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) have been assigned a consensus rating of “moderate buy” by the twelve rating agencies that currently cover the company, reports MarketBeat.com. Two analysts rated the stock with a sell recommendation, one gave the company a hold recommendation and seven gave the company a buy recommendation. The average 1-year price target among brokerages that have hedged the stock over the past year is $212.27.
A number of brokerages have weighed in on NDAQ recently. Deutsche Bank Aktiengesellschaft cut its price target on Nasdaq shares from $207.00 to $184.00 in a Thursday, May 19 research report. Rosenblatt Securities raised its price target on Nasdaq shares from $199.00 to $204.00 and gave the company a “neutral” rating in a Thursday, April 21 research report. StockNews.com moved Nasdaq shares from a “hold” rating to a “sell” rating in a Thursday, April 21 report. Citigroup reduced its target price on Nasdaq shares from $188.00 to $184.00 in a Wednesday, April 13 report. Finally, Morgan Stanley cut its price target on Nasdaq shares from $245.00 to $239.00 and set an “overweight” rating for the company in a Thursday, April 21 report.
Shares of NDAQ opened at $159.28 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt ratio of 0.80. The company has a fifty-day moving average price of $154.21 and a 200-day moving average price of $173.21. The company has a market capitalization of $26.23 billion, a P/E ratio of 22.85, a PEG ratio of 2.03 and a beta of 0.94. The Nasdaq has a 12-month low of $140.31 and a 12-month high of $214.96.
The Nasdaq (NASDAQ:NDAQ – Get Rating) last announced its quarterly results on Wednesday, April 20. The financial services provider reported earnings per share of $1.97 for the quarter, beating analyst consensus estimates of $1.93 by $0.04. The Nasdaq had a net margin of 20.31% and a return on equity of 20.05%. The company posted revenue of $892.00 million in the quarter, compared to $892.18 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $1.96. Nasdaq’s quarterly revenue rose 4.8% from the same quarter last year. On average, stock analysts expect the Nasdaq to post an EPS of 7.94 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 24. Investors of record on Friday, June 10 received a dividend of $0.60 per share. This is a boost from the previous quarterly Nasdaq dividend of $0.54. This represents an annualized dividend of $2.40 and a yield of 1.51%. The ex-dividend date was Thursday, June 9. The Nasdaq dividend payout ratio is currently 34.43%.
In other Nasdaq news, Executive Vice President Lauren B. Dillard sold 2,500 shares of the company in a trade dated Tuesday, March 29. The shares were sold at an average price of $180.00, for a total transaction of $450,000.00. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, EVP Pc Nelson Griggs sold 500 shares of the company in a trade dated Wednesday, April 27. The stock was sold at an average price of $161.64, for a total transaction of $80,820.00. Following the transaction, the executive vice president now owns 35,086 shares of the company, valued at $5,671,301.04. The disclosure of this sale can be found here. Company insiders own 0.60% of the company’s shares.
A number of institutional investors and hedge funds have recently changed their holdings to NDAQ. Marshall Wace LLP acquired a new Nasdaq position during the third quarter worth approximately $927,000. MML Investors Services LLC acquired a new Nasdaq position during the third quarter worth approximately $278,000. Millennium Management LLC increased its Nasdaq position by 261.5% during the third quarter. Millennium Management LLC now owns 32,678 shares of the financial services provider worth $6,308,000 after purchasing an additional 23,639 shares during the period. LPL Financial LLC increased its Nasdaq position by 28.6% during the third quarter. LPL Financial LLC now owns 38,381 shares of the financial services provider worth $7,408,000 after purchasing an additional 8,525 shares during the period. Finally, Two Sigma Investments LP acquired a new Nasdaq equity stake in the third quarter valued at approximately $4,903,000. Institutional investors hold 74.91% of the company’s shares.
About the Nasdaq (Get an evaluation)
Nasdaq, Inc operates as a technology company serving capital markets and other industries worldwide. The Market Technology segment includes the Financial Crimes Technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to help them comply with internal market surveillance rules, regulations and policies. ; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of financial crime management solutions.
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