Nasdaq, Inc. (NASDAQ:NDAQ) Receives $72.86 Consensus Target Price from Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $73.87.

Several research firms have recently weighed in on NDAQ. Royal Bank of Canada initiated coverage on shares of Nasdaq in a research report on Friday, September 27th. They set an “outperform” rating and a $88.00 price objective on the stock. TD Cowen started coverage on Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 price target on the stock. Barclays upped their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and raised their price objective for the company from $53.00 to $90.00 in a report on Wednesday, September 4th. Finally, Keefe, Bruyette & Woods boosted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $73.05 on Friday. The stock has a market cap of $42.02 billion, a P/E ratio of 38.45, a PEG ratio of 3.04 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $70.50 and its two-hundred day moving average price is $64.30. Nasdaq has a twelve month low of $46.88 and a twelve month high of $74.88.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $0.71 earnings per share. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, equities analysts predict that Nasdaq will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock worth $15,198,000 after purchasing an additional 16,797 shares during the period. SG Americas Securities LLC boosted its position in shares of Nasdaq by 312.0% in the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after purchasing an additional 139,228 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock worth $1,946,000 after buying an additional 21,699 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Nasdaq by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares in the last quarter. Finally, Crestline Management LP purchased a new position in Nasdaq during the fourth quarter valued at $11,221,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.