Nasdaq, Inc. (NDAQ) Given Consensus Recommendation of “Hold” by Analysts

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $77.40.

A number of equities research analysts have weighed in on NDAQ shares. Citigroup Inc. initiated coverage on Nasdaq in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada set a $74.00 price target on Nasdaq and gave the company a “hold” rating in a report on Monday, July 17th.

COPYRIGHT VIOLATION NOTICE: “Nasdaq, Inc. (NDAQ) Given Consensus Recommendation of “Hold” by Analysts” was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.com-unik.info/2017/10/29/nasdaq-inc-ndaq-given-consensus-recommendation-of-hold-by-analysts.html.

Nasdaq (NASDAQ:NDAQ) traded up 0.07% during trading on Friday, reaching $72.34. The company had a trading volume of 1,321,508 shares. The firm has a market capitalization of $12.07 billion, a P/E ratio of 54.97 and a beta of 0.77. Nasdaq has a 52-week low of $63.30 and a 52-week high of $78.31. The company has a 50-day moving average of $75.17 and a 200-day moving average of $72.28.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Analysts expect that Nasdaq will post $4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.

In related news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold 21,844 shares of company stock worth $1,672,250 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after purchasing an additional 208,253 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after purchasing an additional 707,537 shares in the last quarter. BT Investment Management Ltd bought a new stake in Nasdaq in the second quarter worth $97,982,000. TimesSquare Capital Management LLC boosted its holdings in Nasdaq by 21.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock worth $86,038,000 after purchasing an additional 216,100 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in Nasdaq by 26,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after purchasing an additional 1,173,778 shares in the last quarter. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About Nasdaq

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

What are top analysts saying about Nasdaq Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nasdaq Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit