Nasdaq (NASDAQ:NDAQ) Price Target Raised to $91.00

Nasdaq (NASDAQ:NDAQ) had its price target lifted by Keefe, Bruyette & Woods from $86.00 to $91.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently commented on NDAQ. The Goldman Sachs Group upped their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Bank of America lowered their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. UBS Group lifted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Barclays upped their price objective on shares of Nasdaq from $87.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Nasdaq Trading Up 0.4 %

Shares of NASDAQ NDAQ opened at $77.70 on Friday. The company’s 50 day simple moving average is $78.26 and its 200 day simple moving average is $70.86. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The firm has a market capitalization of $44.66 billion, a P/E ratio of 46.53, a P/E/G ratio of 3.12 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, analysts predict that Nasdaq will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock worth $3,811,808 over the last ninety days. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors have recently added to or reduced their stakes in NDAQ. Cumberland Partners Ltd bought a new position in shares of Nasdaq in the 3rd quarter valued at about $10,400,000. Nomura Asset Management Co. Ltd. grew its holdings in 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 worth $11,987,000 after purchasing an additional 54,594 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Nasdaq during the third quarter worth approximately $2,701,000. Dimensional Fund Advisors LP raised its stake in Nasdaq by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after buying an additional 174,778 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Nasdaq by 10.8% in the third 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 buying an additional 313,079 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.