Royal Bank Of Canada reaffirmed their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research note released on Monday, September 11th. Royal Bank Of Canada currently has a $76.00 price objective on the financial services provider’s stock.
Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of Nasdaq from a hold rating to a buy rating in a research note on Friday, August 4th. UBS AG restated a buy rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Deutsche Bank AG restated a buy rating and issued a $77.00 price target (down previously from $79.00) on shares of Nasdaq in a report on Monday, May 15th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a hold rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Nasdaq from a sell rating to a hold rating in a report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $76.10.
Shares of Nasdaq (NASDAQ NDAQ) opened at 76.74 on Monday. The stock’s 50 day moving average is $75.31 and its 200 day moving average is $71.24. The company has a market capitalization of $12.80 billion, a P/E ratio of 58.31 and a beta of 0.77. Nasdaq has a 12 month low of $63.30 and a 12 month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.
In other news, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction on 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 directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock worth $2,788,100 over the last ninety days. 1.60% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Advisor Partners LLC purchased a new stake in Nasdaq in the 2nd quarter worth about $214,000. Nikko Asset Management Americas Inc. raised its stake in shares of Nasdaq by 1,325.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares in the last quarter. Commerce Bank raised its stake in shares of Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Nasdaq during the 2nd quarter worth about $645,000. Finally, GAM Holding AG raised its stake in shares of Nasdaq by 0.7% during the 2nd quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 200 shares in the last quarter. 74.37% of the stock is 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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