Nasdaq Inc (NASDAQ:NDAQ)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $108.64 and last traded at $108.09, with a volume of 24195 shares changing hands. The stock had previously closed at $107.86.
A number of equities analysts have commented on NDAQ shares. Credit Suisse Group started coverage on Nasdaq in a report on Monday, December 16th. They set an “outperform” rating for the company. UBS Group cut Nasdaq from a “buy” rating to a “neutral” rating and reduced their target price for the company from $113.00 to $107.00 in a report on Friday, October 25th. Raymond James increased their target price on Nasdaq from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Co increased their target price on Nasdaq from $111.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Deutsche Bank increased their target price on Nasdaq from $110.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $104.22.
The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $106.20 and a 200-day moving average price of $101.51. The firm has a market capitalization of $17.55 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65.
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.74%. Nasdaq’s dividend payout ratio (DPR) is presently 38.84%.
Hedge funds have recently bought and sold shares of the company. CWM LLC grew its position in shares of Nasdaq by 71.2% in the third quarter. CWM LLC now owns 250 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 104 shares in the last quarter. Whittier Trust Co. grew its position in Nasdaq by 1,261.5% in the third quarter. Whittier Trust Co. now owns 354 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 328 shares during the period. Doyle Wealth Management purchased a new position in Nasdaq in the second quarter worth approximately $62,000. KCS Wealth Advisory purchased a new position in Nasdaq in the third quarter worth approximately $94,000. Finally, Meeder Asset Management Inc. grew its position in Nasdaq by 5,277.8% in the third quarter. Meeder Asset Management Inc. now owns 968 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 950 shares during the period. Institutional investors and hedge funds own 75.41% of the company’s stock.
Nasdaq Company Profile (NASDAQ:NDAQ)
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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