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.
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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.
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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