Nasdaq (NASDAQ:NDAQ) Price Target Cut to $96.00 by Analysts at Barclays

Nasdaq (NASDAQ:NDAQ) had its target price trimmed by Barclays from $97.00 to $96.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. UBS Group boosted their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 9th. The Goldman Sachs Group boosted their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Price Performance

NASDAQ NDAQ opened at $76.18 on Monday. The business’s fifty day moving average is $79.29 and its 200 day moving average is $73.00. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $43.79 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) 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. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue was up 21.9% on a year-over-year basis. Sell-side analysts predict that Nasdaq will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the 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 in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Nasdaq

Several institutional investors have recently modified their holdings of NDAQ. Citizens Financial Group Inc. RI raised its holdings in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the period. First Pacific Financial increased its position in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares during the period. Finally, Kentucky Retirement Systems lifted its holdings in shares of Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

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.