Nasdaq, Inc. (NASDAQ:NDAQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $66.92.

A number of analysts have issued reports on the company. Rosenblatt Securities cut their target price on Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods lowered their target price on Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday. Oppenheimer increased their price target on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Barclays reduced their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup upped their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently modified their holdings of NDAQ. Loomis Sayles & Co. L P purchased a new stake in Nasdaq during the third quarter worth $26,000. Salem Investment Counselors Inc. grew its holdings in Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $29,000. Carmel Capital Partners LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $32,000. Finally, Allworth Financial LP lifted its holdings in Nasdaq by 74.9% in the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Down 0.1 %

Shares of NDAQ stock opened at $60.08 on Tuesday. Nasdaq has a twelve month low of $46.88 and a twelve month high of $64.25. The stock has a market cap of $34.56 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.79 and a beta of 0.93. The company’s 50-day moving average price is $60.02 and its 200-day moving average price is $56.63. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts predict that Nasdaq will post 2.71 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.24 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, June 14th. Nasdaq’s dividend payout ratio is currently 46.32%.

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.