Stock analysts at Barclays PLC began coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research report issued on Friday, September 8th, MarketBeat reports. The brokerage set an “overweight” rating and a $85.00 price target on the financial services provider’s stock. Barclays PLC’s target price would indicate a potential upside of 13.71% from the stock’s previous close.
A number of other brokerages also recently commented on NDAQ. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Thursday, August 17th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. UBS AG reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $76.00 target price (up previously from $74.00) on shares of Nasdaq in a research report on Thursday, July 27th. Finally, Citigroup Inc. began coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average target price of $76.10.
Shares of Nasdaq (NASDAQ NDAQ) traded up 0.07% during trading on Friday, reaching $74.75. The company had a trading volume of 1,423,259 shares. Nasdaq has a 52 week low of $63.30 and a 52 week high of $77.75. The company has a market capitalization of $12.47 billion, a PE ratio of 56.80 and a beta of 0.77. The stock’s 50-day moving average price is $75.24 and its 200-day moving average price is $71.18.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Nasdaq will post $4.17 EPS for the current fiscal year.
In other news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction that occurred on 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. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 over the last quarter. Insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sentry Investment Management LLC grew its position in Nasdaq by 3.8% during the second quarter. Sentry Investment Management LLC now owns 7,500 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 274 shares in the last quarter. Toronto Dominion Bank grew its position in Nasdaq by 24.4% during the second quarter. Toronto Dominion Bank now owns 38,632 shares of the financial services provider’s stock valued at $2,762,000 after purchasing an additional 7,578 shares in the last quarter. Advisory Services Network LLC grew its position in Nasdaq by 10.9% during the second quarter. Advisory Services Network LLC now owns 3,026 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 298 shares in the last quarter. Sterling Capital Management LLC purchased a new position in Nasdaq during the second quarter valued at approximately $40,996,000. Finally, Nomura Holdings Inc. grew its position in Nasdaq by 177.3% during the second quarter. Nomura Holdings Inc. now owns 14,874 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 9,510 shares in the last quarter. 74.31% of the stock is currently owned by hedge funds and other institutional investors.
Nasdaq Company Profile
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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