BidaskClub upgraded shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a strong-buy rating in a research note published on Friday morning.
Other research analysts also recently issued research reports about the stock. Rosenblatt Securities assumed coverage on shares of Nasdaq in a report on Wednesday, September 5th. They set a neutral rating and a $99.00 price objective on the stock. ValuEngine downgraded shares of Nasdaq from a buy rating to a hold rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Nasdaq from a sell rating to a hold rating in a report on Thursday, October 11th. Citigroup reduced their target price on shares of Nasdaq from $93.00 to $88.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Finally, Atlantic Securities started coverage on shares of Nasdaq in a research note on Wednesday, November 28th. They issued an overweight rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $96.79.
NDAQ opened at $87.36 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94. Nasdaq has a 1-year low of $72.98 and a 1-year high of $96.84. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.01. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The firm had revenue of $600.00 million for the quarter, compared to the consensus estimate of $605.67 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq will post 4.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.01%. Nasdaq’s payout ratio is 43.35%.
In related news, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. Capital World Investors bought a new position in Nasdaq during the third quarter valued at about $333,215,000. FMR LLC grew its position in Nasdaq by 82.1% during the second quarter. FMR LLC now owns 1,651,639 shares of the financial services provider’s stock valued at $150,746,000 after buying an additional 744,666 shares during the period. Janus Henderson Group PLC grew its position in Nasdaq by 55.6% during the third quarter. Janus Henderson Group PLC now owns 952,755 shares of the financial services provider’s stock valued at $81,746,000 after buying an additional 340,417 shares during the period. Bank of Nova Scotia grew its position in Nasdaq by 2,082.1% during the second quarter. Bank of Nova Scotia now owns 323,054 shares of the financial services provider’s stock valued at $29,484,000 after buying an additional 308,249 shares during the period. Finally, Donaldson Capital Management LLC grew its position in Nasdaq by 1,248.8% during the second quarter. Donaldson Capital Management LLC now owns 267,598 shares of the financial services provider’s stock valued at $24,424,000 after buying an additional 247,758 shares during the period. Institutional investors own 75.53% of the company’s stock.
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.
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