Nasdaq, Inc. (NASDAQ:NDAQ) Receives $97.31 Average Price Target from Analysts

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $97.25.

A number of research firms have issued reports on NDAQ. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Saturday, September 27th. Raymond James Financial reissued an “outperform” rating and set a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Oppenheimer reissued an “outperform” rating and set a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Finally, Barclays reissued an “overweight” rating and set a $108.00 target price (down previously from $109.00) on shares of Nasdaq in a report on Wednesday.

Nasdaq Trading Down 2.7%

NASDAQ NDAQ opened at $88.90 on Tuesday. The company has a fifty day simple moving average of $92.68 and a two-hundred day simple moving average of $85.94. The stock has a market cap of $51.01 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.02 and a beta of 0.98. Nasdaq has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. On average, analysts forecast that Nasdaq will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Nasdaq’s dividend payout ratio (DPR) is 41.54%.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares of the company’s stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position in Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after buying an additional 110 shares during the period. Leavell Investment Management Inc. grew its position in Nasdaq by 0.4% during the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 116 shares during the period. Bruce G. Allen Investments LLC grew its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the period. Fielder Capital Group LLC grew its position in Nasdaq by 3.0% during the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after buying an additional 122 shares during the period. Finally, Freedom Investment Management Inc. grew its position in Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

About Nasdaq

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.