Nasdaq (NASDAQ:NDAQ) Given New $112.00 Price Target at Wells Fargo & Co

Nasdaq (NASDAQ:NDAQ) had its target price lifted by Wells Fargo & Co from $97.00 to $112.00 in a research report sent to investors on Wednesday, The Fly reports. Wells Fargo & Co currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also issued reports on NDAQ. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. Bank of America set a $77.00 price objective on Zscaler and gave the stock a neutral rating in a research note on Friday, May 31st. UBS Group reiterated a buy rating and set a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Thursday, April 25th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nasdaq has an average rating of Buy and an average price target of $99.73.

Shares of NDAQ stock opened at $104.28 on Wednesday. The company has a market capitalization of $17.23 billion, a PE ratio of 21.55, a P/E/G ratio of 2.86 and a beta of 0.64. Nasdaq has a one year low of $75.49 and a one year high of $104.61. The business has a fifty day moving average price of $96.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 0.84.



Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. Nasdaq’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.22 earnings per share. Research analysts anticipate that Nasdaq will post 4.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.47 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, June 13th. Nasdaq’s dividend payout ratio is currently 38.84%.

In other news, insider Edward S. Knight sold 22,059 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $90.83, for a total value of $2,003,618.97. Following the completion of the sale, the insider now directly owns 95,322 shares in the company, valued at $8,658,097.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lars Wedenborn sold 1,946 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $90.36, for a total value of $175,840.56. The disclosure for this sale can be found here. Insiders have sold 31,715 shares of company stock valued at $2,923,953 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Brinker Capital Inc. increased its stake in shares of Nasdaq by 0.8% in the first quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 117 shares in the last quarter. Guinness Asset Management Ltd increased its position in Nasdaq by 3.9% in the first quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 127 shares during the period. Flagship Harbor Advisors LLC increased its position in Nasdaq by 2.2% in the first quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 137 shares during the period. Smith Salley & Associates increased its position in Nasdaq by 3.3% in the second quarter. Smith Salley & Associates now owns 4,595 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 145 shares during the period. Finally, Norinchukin Bank The increased its position in Nasdaq by 1.7% in the first quarter. Norinchukin Bank The now owns 9,142 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 150 shares during the period. Institutional investors own 76.10% of the company’s stock.

Nasdaq Company Profile

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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The Fly

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