A number of other research analysts have also recently commented on the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Zacks Investment Research cut Nasdaq from a hold rating to a sell rating in a research note on Monday, October 9th. Bank of America Corporation cut Nasdaq from a neutral rating to an underperform rating and decreased their price target for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. Barclays PLC started coverage on Nasdaq in a research note on Friday, September 8th. They set an overweight rating and a $85.00 price target on the stock. Finally, BidaskClub upgraded Nasdaq from a hold rating to a buy rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $76.50.
Shares of Nasdaq (NASDAQ NDAQ) opened at 74.60 on Monday. The stock has a 50 day moving average price of $75.55 and a 200 day moving average price of $72.11. The stock has a market capitalization of $12.44 billion, a P/E ratio of 56.69 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $78.31.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Nasdaq will post $4.16 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other Nasdaq news, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares in the company, valued at approximately $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 in the last three months. 1.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Advisor Partners LLC purchased a new position in shares of Nasdaq during the second quarter worth about $214,000. Nikko Asset Management Americas Inc. grew its holdings in shares of Nasdaq by 1,325.8% during the second 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 during the last quarter. Commerce Bank grew its holdings in shares of Nasdaq by 1.9% during the second 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 during the last quarter. Summit Securities Group LLC purchased a new position in shares of Nasdaq during the second quarter worth about $645,000. Finally, GAM Holding AG grew its holdings in shares of Nasdaq by 0.7% during the second 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 during the last quarter. 74.44% of the stock is currently owned by institutional investors.
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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