Shares of Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $107.1538.
NDAQ has been the subject of several analyst reports. Loop Capital set a $113.00 target price on shares of Nasdaq in a research note on Friday, April 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd.
Get Our Latest Stock Report on Nasdaq
Nasdaq Price Performance
Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts predict that Nasdaq will post 3.86 EPS for the current fiscal year.
Nasdaq Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is presently 32.53%.
Insider Activity
In related news, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the completion of the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adena T. Friedman sold 113,611 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the transaction, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at approximately $167,953,765.44. This represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 231,002 shares of company stock worth $20,295,941. Company insiders own 0.60% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp increased its stake in shares of Nasdaq by 27.5% during the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after acquiring an additional 13,160 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Nasdaq by 41.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock valued at $6,819,000 after acquiring an additional 22,685 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Nasdaq during the 4th quarter worth approximately $1,245,000. National Pension Service increased its position in Nasdaq by 3.3% during the 3rd quarter. National Pension Service now owns 605,551 shares of the financial services provider’s stock worth $53,561,000 after purchasing an additional 19,078 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Nasdaq by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock worth $5,275,902,000 after purchasing an additional 3,848,406 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.
About Nasdaq
Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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