Several other research firms have also commented on NDAQ. Barclays PLC set a $79.00 price target on shares of Nasdaq and gave the company a buy rating in a research report on Wednesday, September 7th. Credit Suisse Group AG reissued a buy rating and issued a $72.00 target price on shares of Nasdaq in a report on Monday, August 8th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $70.00 to $74.00 and gave the stock a market perform rating in a report on Thursday, July 28th. Deutsche Bank AG increased their target price on shares of Nasdaq from $73.00 to $75.00 and gave the stock a buy rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Nasdaq from $64.00 to $69.00 and gave the stock a neutral rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $70.26.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 66.38 on Thursday. The stock has a 50 day moving average of $68.85 and a 200-day moving average of $66.72. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 22.98 and a beta of 0.81. Nasdaq has a one year low of $54.62 and a one year high of $71.92.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The firm earned $559 million during the quarter, compared to analyst estimates of $548 million. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Nasdaq will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.93%. Nasdaq’s dividend payout ratio is presently 44.44%.
In related news, CEO Robert Greifeld sold 199,480 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $70.28, for a total value of $14,019,454.40. Following the completion of the sale, the chief executive officer now directly owns 1,064,815 shares in the company, valued at $74,835,198.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward S. Knight sold 19,555 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total value of $1,376,672.00. Following the completion of the sale, the insider now owns 76,407 shares of the company’s stock, valued at $5,379,052.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. BB&T Securities LLC bought a new stake in shares of Nasdaq during the first quarter worth about $402,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Nasdaq during the first quarter worth about $226,000. Canada Pension Plan Investment Board increased its stake in shares of Nasdaq by 19.9% in the first quarter. Canada Pension Plan Investment Board now owns 163,268 shares of the company’s stock worth $10,838,000 after buying an additional 27,100 shares in the last quarter. Credit Agricole S A increased its stake in shares of Nasdaq by 540.1% in the first quarter. Credit Agricole S A now owns 242,439 shares of the company’s stock worth $16,093,000 after buying an additional 204,566 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Nasdaq by 60.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,555 shares of the company’s stock worth $435,000 after buying an additional 2,480 shares in the last quarter. Institutional investors 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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