Nasdaq, Inc. (NASDAQ:NDAQ) Receives $82.40 Consensus PT from Brokerages

Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $84.20.

A number of research analysts have recently issued reports on NDAQ shares. Oppenheimer raised their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays boosted their price objective on Nasdaq from $87.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Bank of America cut their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Piper Sandler raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th.

View Our Latest Research Report on Nasdaq

Nasdaq Stock Up 2.2 %

Shares of NDAQ opened at $78.02 on Friday. Nasdaq has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $79.23 and a two-hundred day simple moving average of $72.60. The firm has a market cap of $44.84 billion, a P/E ratio of 46.72, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts forecast that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last three months. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the stock. Cumberland Partners Ltd purchased a new stake in Nasdaq during the 3rd quarter valued at about $10,400,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after buying an additional 54,594 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Nasdaq in the 3rd quarter worth approximately $2,701,000. Dimensional Fund Advisors LP lifted its position in Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after acquiring an additional 174,778 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Nasdaq by 10.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock valued at $235,343,000 after purchasing an additional 313,079 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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