Nasdaq (NASDAQ:NDAQ) Given New $75.00 Price Target at Oppenheimer

Nasdaq (NASDAQ:NDAQ) had its target price lifted by Oppenheimer from $72.00 to $75.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on NDAQ. Argus boosted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an outperform rating in a report on Friday. Edward Jones assumed coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They set a buy rating for the company. Barclays upped their price objective on Nasdaq from $74.00 to $77.00 and gave the company an overweight rating in a report on Friday. Finally, Rosenblatt Securities cut Nasdaq from a buy rating to a neutral rating and cut their target price for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $68.25.

Nasdaq Trading Down 0.4 %

Shares of NASDAQ NDAQ opened at $66.96 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99. Nasdaq has a 1-year low of $46.88 and a 1-year high of $67.77. The stock has a market capitalization of $38.52 billion, a P/E ratio of 35.24, a PEG ratio of 3.09 and a beta of 0.94. The business’s 50 day moving average is $60.90 and its two-hundred day moving average is $59.77.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, research analysts expect that Nasdaq will post 2.7 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.43%. Nasdaq’s payout ratio is 50.53%.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salem Investment Counselors Inc. raised its position in Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq during the second quarter worth about $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Nasdaq during the fourth quarter worth about $29,000. LRI Investments LLC purchased a new position in Nasdaq during the first quarter worth about $31,000. Finally, New Millennium Group LLC acquired a new stake in Nasdaq in the second quarter valued at about $34,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Company Profile

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.