Royal Bank Of Canada reiterated their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a report issued on Monday. Royal Bank Of Canada currently has a $76.00 price target on the financial services provider’s stock.
A number of other equities analysts have also recently weighed in on NDAQ. Deutsche Bank AG reissued a buy rating and issued a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. BidaskClub raised shares of Nasdaq from a sell rating to a hold rating in a research report on Thursday, June 15th. Zacks Investment Research cut shares of Nasdaq from a hold rating to a sell rating in a research report on Tuesday, June 27th. Citigroup Inc. started coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They issued a neutral rating and a $72.00 price objective for the company. Finally, Jefferies Group LLC reissued a hold rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Nasdaq presently has an average rating of Hold and a consensus target price of $76.10.
Shares of Nasdaq (NDAQ) opened at 74.74 on Monday. The firm has a market capitalization of $12.47 billion, a PE ratio of 56.79 and a beta of 0.77. Nasdaq has a 1-year low of $63.30 and a 1-year high of $77.75. The firm has a 50-day moving average price of $75.16 and a 200-day moving average price of $71.10.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. On average, analysts forecast that Nasdaq will post $4.17 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://stocknewstimes.com/2017/09/14/nasdaq-inc-ndaq-earns-hold-rating-from-royal-bank-of-canada.html.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other news, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,844 shares of company stock worth $2,788,100. Company insiders own 1.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Nasdaq by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 15 shares in the last quarter. Palo Capital Inc. raised its stake in Nasdaq by 0.4% during the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 45 shares during the period. CIBC Asset Management Inc raised its stake in Nasdaq by 0.4% during the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 50 shares during the period. Stanley Laman Group Ltd. raised its stake in Nasdaq by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 57 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 74.31% 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.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.