Nasdaq, Inc. (NDAQ) Earns Hold Rating from Royal Bank Of Canada

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.

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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.

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)

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