Other equities analysts have also issued research reports about the company. Deutsche Bank AG raised their price objective on Nasdaq from $76.00 to $77.00 and gave the company a buy rating in a research report on Friday, September 9th. Credit Suisse Group AG reissued a buy rating and set a $72.00 price objective on shares of Nasdaq in a research report on Monday, August 8th. Zacks Investment Research lowered Nasdaq from a hold rating to a sell rating in a research report on Tuesday, June 28th. Evercore ISI lowered Nasdaq from a buy rating to a hold rating and lowered their price objective for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Finally, Keefe, Bruyette & Woods raised their price objective on Nasdaq from $70.00 to $74.00 and gave the company a market perform rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Nasdaq currently has an average rating of Hold and an average target price of $70.26.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 66.84 on Tuesday. Nasdaq has a 1-year low of $54.54 and a 1-year high of $71.92. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 23.14 and a beta of 0.81. The stock has a 50 day moving average of $69.06 and a 200 day moving average of $66.68.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The company earned $559 million during the quarter, compared to analyst estimates of $548 million. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Nasdaq will post $3.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.92%. Nasdaq’s payout ratio is 44.44%.
In other Nasdaq news, insider Edward S. Knight sold 19,555 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the completion of the sale, the insider now directly owns 76,407 shares in the company, valued at approximately $5,379,052.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Greifeld sold 199,480 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $70.28, for a total value of $14,019,454.40. Following the sale, the chief executive officer now owns 1,064,815 shares of the company’s stock, valued at $74,835,198.20. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in NDAQ. Private Trust Co. NA increased its stake in Nasdaq by 4.7% in the third quarter. Private Trust Co. NA now owns 8,109 shares of the company’s stock worth $547,000 after buying an additional 364 shares in the last quarter. Capstone Asset Management Co. increased its stake in Nasdaq by 4.0% in the third quarter. Capstone Asset Management Co. now owns 11,451 shares of the company’s stock worth $773,000 after buying an additional 440 shares in the last quarter. Legacy Private Trust Co. increased its stake in Nasdaq by 50.1% in the third quarter. Legacy Private Trust Co. now owns 94,691 shares of the company’s stock worth $6,395,000 after buying an additional 31,617 shares in the last quarter. LGT Capital Partners LTD. increased its stake in Nasdaq by 3.8% in the third quarter. LGT Capital Partners LTD. now owns 135,050 shares of the company’s stock worth $9,121,000 after buying an additional 5,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Nasdaq by 2.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 580,486 shares of the company’s stock worth $39,206,000 after buying an additional 16,213 shares in the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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