Nasdaq, Inc. (NDAQ) Sets New 1-Year High at $77.03

Nasdaq, Inc. (NASDAQ:NDAQ) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $77.03 and last traded at $77.03, with a volume of 376,180 shares changing hands. The stock had previously closed at $76.80.

A number of research firms recently issued reports on NDAQ. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Deutsche Bank AG dropped their price target on Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Citigroup Inc. began coverage on Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Finally, Royal Bank Of Canada set a $70.00 price target on Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nasdaq has a consensus rating of “Buy” and an average target price of $75.22.

The firm has a 50 day moving average price of $73.01 and a 200-day moving average price of $70.38. The company has a market capitalization of $12.85 billion, a P/E ratio of 58.56 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is 118.75%.

In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its position in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares during the period. Tompkins Financial Corp acquired a new position in shares of Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. raised its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC acquired a new position in shares of Nasdaq during the first quarter worth about $189,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the first quarter worth about $190,000. 75.44% of the stock is owned by institutional investors and hedge funds.

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Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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