Nasdaq Inc (NASDAQ:NDAQ) Given Average Rating of “Hold” by Brokerages

Nasdaq Inc (NASDAQ:NDAQ) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $103.78.

Several research firms have issued reports on NDAQ. Oppenheimer began coverage on Nasdaq in a research note on Monday, September 16th. They set an “outperform” rating and a $111.00 target price for the company. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group cut Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $107.00 in a research note on Friday, October 25th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Citigroup cut Nasdaq from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $93.00 to $95.00 in a research note on Monday, July 22nd.

In related news, EVP Pc Nelson Griggs sold 1,444 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $101.09, for a total transaction of $145,973.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in Nasdaq by 71.2% during the 3rd quarter. CWM LLC now owns 250 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 104 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Nasdaq by 13.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,002 shares of the financial services provider’s stock valued at $100,000 after buying an additional 119 shares in the last quarter. Advisor Partners LLC lifted its stake in Nasdaq by 4.2% in the 3rd quarter. Advisor Partners LLC now owns 3,023 shares of the financial services provider’s stock valued at $300,000 after buying an additional 123 shares in the last quarter. Hartford Investment Management Co. lifted its stake in Nasdaq by 1.0% in the 2nd quarter. Hartford Investment Management Co. now owns 12,846 shares of the financial services provider’s stock valued at $1,235,000 after buying an additional 124 shares in the last quarter. Finally, Smith Salley & Associates lifted its stake in Nasdaq by 3.3% in the 2nd quarter. Smith Salley & Associates now owns 4,595 shares of the financial services provider’s stock valued at $442,000 after buying an additional 145 shares in the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.

NDAQ stock traded up $1.01 during midday trading on Monday, hitting $104.60. 892,800 shares of the company’s stock were exchanged, compared to its average volume of 739,122. The business has a 50-day simple moving average of $99.38 and a two-hundred day simple moving average of $97.59. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $17.01 billion, a PE ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.64. Nasdaq has a 1-year low of $75.49 and a 1-year high of $105.26.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.06. The company had revenue of $632.00 million during the quarter, compared to analysts’ expectations of $627.44 million. Nasdaq had a return on equity of 15.22% and a net margin of 12.16%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, research analysts expect that Nasdaq will post 4.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.47 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.80%. Nasdaq’s payout ratio is presently 38.84%.

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.

Read More: What is meant by a buy rating?

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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