Nasdaq Inc (NDAQ) Receives $86.21 Average Price Target from Brokerages

Shares of Nasdaq Inc (NASDAQ:NDAQ) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $86.21.

A number of equities research analysts have recently issued reports on the stock. UBS reissued a “buy” rating and set a $100.00 price objective (up previously from $97.00) on shares of Nasdaq in a research report on Tuesday, March 6th. Raymond James boosted their price objective on shares of Nasdaq from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, January 10th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, January 12th. Finally, Wells Fargo reissued a “market perform” rating and set a $83.00 price objective (up previously from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th.

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In related news, insider Edward S. Knight sold 13,200 shares of Nasdaq stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the transaction, the insider now owns 73,569 shares in the company, valued at approximately $5,842,114.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charlene T. Begley sold 4,017 shares of Nasdaq stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total transaction of $326,863.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,668 shares of company stock worth $1,895,994. 0.40% of the stock is owned by corporate insiders.



Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of Nasdaq by 1.3% during the 4th quarter. SG Americas Securities LLC now owns 47,729 shares of the financial services provider’s stock valued at $3,667,000 after buying an additional 627 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Nasdaq by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 21,786 shares of the financial services provider’s stock valued at $1,674,000 after buying an additional 726 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Nasdaq by 6.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 14,730 shares of the financial services provider’s stock valued at $1,132,000 after buying an additional 838 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its stake in shares of Nasdaq by 1.0% during the 4th quarter. Pillar Pacific Capital Management LLC now owns 85,935 shares of the financial services provider’s stock valued at $6,602,000 after buying an additional 855 shares in the last quarter. Finally, Cibc Bank USA lifted its stake in shares of Nasdaq by 9.1% during the 4th quarter. Cibc Bank USA now owns 10,394 shares of the financial services provider’s stock valued at $799,000 after buying an additional 865 shares in the last quarter. Institutional investors own 76.41% of the company’s stock.

NASDAQ:NDAQ opened at $86.25 on Friday. Nasdaq has a 12 month low of $65.98 and a 12 month high of $87.66. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $14,482.36, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.91 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. sell-side analysts forecast that Nasdaq will post 4.83 earnings per share for the current year.

Nasdaq declared that its board has authorized a share repurchase plan on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.44 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.04%. Nasdaq’s payout ratio is 37.44%.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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