StockNews.com Begins Coverage on Nasdaq (NASDAQ:NDAQ)

StockNews.com started coverage on shares of Nasdaq (NASDAQ:NDAQ – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other research firms also recently commented on NDAQ. JPMorgan Chase & Co. decreased their price objective on shares of Nasdaq from $70.00 to $67.00 and set an overweight rating for the company in a report on Thursday, January 26th. Piper Sandler reduced their price target on shares of Nasdaq from $73.33 to $70.00 and set an overweight rating for the company in a report on Thursday, January 26th. Oppenheimer reduced their price target on shares of Nasdaq from $71.00 to $66.00 and set an outperform rating for the company in a report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Nasdaq from a buy rating to a hold rating and reduced their price target for the company from $72.00 to $60.00 in a report on Thursday, January 26th. Finally, Morgan Stanley boosted their price target on shares of Nasdaq from $72.00 to $73.00 and gave the company an overweight rating in a report on Friday, January 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $64.74.

Nasdaq Stock Performance

Nasdaq stock opened at $52.75 on Thursday. The company has a market cap of $25.79 billion, a PE ratio of 23.41, a P/E/G ratio of 4.32 and a beta of 0.96. The company has a fifty day moving average price of $58.50 and a two-hundred day moving average price of $60.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.97 and a quick ratio of 0.97. Nasdaq has a 12 month low of $46.77 and a 12 month high of $69.22.

Nasdaq (NASDAQ:NDAQ – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $906.00 million during the quarter, compared to analyst estimates of $908.94 million. Nasdaq had a return on equity of 22.12% and a net margin of 18.08%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Research analysts expect that Nasdaq will post 2.7 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 35.50%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $57.06, for a total value of $342,360.00. Following the sale, the executive vice president now directly owns 56,083 shares in the company, valued at $3,200,095.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Nasdaq news, EVP Bryan Everard Smith sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $57.06, for a total value of $342,360.00. Following the sale, the executive vice president now directly owns 56,083 shares in the company, valued at $3,200,095.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $57.93, for a total transaction of $121,653.00. Following the completion of the sale, the executive vice president now owns 70,467 shares in the company, valued at $4,082,153.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,298 shares of company stock worth $839,614. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nasdaq

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cresset Asset Management LLC grew its stake in Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 74 shares in the last quarter. Horizon Investments LLC grew its stake in Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 86 shares in the last quarter. Ibex Wealth Advisors grew its stake in Nasdaq by 0.3% during the 2nd quarter. Ibex Wealth Advisors now owns 32,853 shares of the financial services provider’s stock valued at $5,011,000 after acquiring an additional 93 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Nasdaq by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 15,722 shares of the financial services provider’s stock valued at $2,398,000 after acquiring an additional 101 shares in the last quarter. Finally, Brinker Capital Investments LLC grew its stake in Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock valued at $5,247,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.

About Nasdaq

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Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.