Nasdaq (NDAQ) PT Raised to $92.00

Nasdaq (NASDAQ:NDAQ) had its price objective upped by Raymond James Financial from $87.00 to $92.00 in a research note published on Tuesday. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also commented on NDAQ. UBS restated a buy rating and set a $89.00 price target (up from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. BidaskClub lowered shares of Nasdaq from a hold rating to a sell rating in a research report on Wednesday, December 20th. ValuEngine lowered shares of Nasdaq from a buy rating to a hold rating in a research report on Wednesday, December 20th. Wells Fargo restated a market perform rating and set a $83.00 price target (up from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a hold rating to a buy rating and set a $90.00 price target for the company in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Nasdaq has a consensus rating of Hold and an average target price of $87.04.

NDAQ opened at $86.62 on Tuesday. The firm has a market cap of $14,282.49, a PE ratio of 21.33, a PEG ratio of 1.87 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. Nasdaq has a one year low of $65.98 and a one year high of $87.03.



Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. sell-side analysts forecast that Nasdaq will post 4.85 EPS for the current fiscal year.

Nasdaq declared that its Board of Directors has initiated a stock repurchase program on Monday, January 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 2.03%. Nasdaq’s payout ratio is 37.44%.

In related news, insider Lars Ottersgard sold 6,451 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total value of $520,918.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward S. Knight sold 13,200 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the transaction, the insider now owns 73,569 shares of the company’s stock, valued at $5,842,114.29. The disclosure for this sale can be found here. Insiders sold 23,668 shares of company stock valued at $1,895,994 over the last quarter. 0.40% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Nasdaq by 1.3% in the fourth quarter. SG Americas Securities LLC now owns 47,729 shares of the financial services provider’s stock worth $3,667,000 after purchasing an additional 627 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Nasdaq by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 21,786 shares of the financial services provider’s stock worth $1,674,000 after purchasing an additional 726 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Nasdaq by 6.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 14,730 shares of the financial services provider’s stock worth $1,132,000 after purchasing an additional 838 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its stake in Nasdaq by 1.0% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 85,935 shares of the financial services provider’s stock worth $6,602,000 after purchasing an additional 855 shares during the last quarter. Finally, Cibc Bank USA lifted its stake in Nasdaq by 9.1% in the fourth quarter. Cibc Bank USA now owns 10,394 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 865 shares during the last quarter. Institutional investors own 76.46% of the company’s stock.

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Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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