Nasdaq, Inc. (NASDAQ:NDAQ) Stock Has Average Price Target of $113.53

Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) has earned an average rating of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $113.53.

A number of analysts recently issued reports on NDAQ shares. Bank of America lowered their price target on Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $118.00 price objective on shares of Nasdaq in a research report on Friday, October 23rd. Barclays set a $121.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Nasdaq in a research note on Thursday, October 22nd.

Check Out Our Latest Analysis on NDAQ

Nasdaq Stock Up 1.4%

Shares of NASDAQ:NDAQ opened at $110.02 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq has a 12 month low of $76.55 and a 12 month high of $111.45. The company has a 50-day moving average price of $97.01 and a 200 day moving average price of $91.00. The company has a market cap of $61.06 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 1.88 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, equities research analysts predict that Nasdaq will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.1%. Nasdaq’s dividend payout ratio (DPR) is presently 33.88%.

Insider Buying and Selling at Nasdaq

In other news, insider Tal Cohen sold 10,390 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60. Following the sale, the insider directly owned 205,076 shares in the company, valued at approximately $21,192,553.84. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 1,125 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $95.00, for a total value of $106,875.00. Following the completion of the transaction, the executive vice president directly owned 96,561 shares in the company, valued at $9,173,295. This trade represents a 1.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,452 shares of company stock worth $3,366,669 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Nasdaq during the 2nd quarter valued at $2,931,637,000. Bank of America Corp DE purchased a new stake in shares of Nasdaq in the 2nd quarter worth $603,631,000. The Manufacturers Life Insurance Company bought a new position in shares of Nasdaq during the 2nd quarter worth $377,818,000. Legal & General Group Plc purchased a new position in shares of Nasdaq during the second quarter valued at $220,130,000. Finally, Deutsche Bank AG purchased a new position in shares of Nasdaq during the second quarter valued at $180,099,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

(Get Free Report)

Nasdaq, Inc. is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions. Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.

See Also

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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