Brokerages Set Nasdaq, Inc. (NASDAQ:NDAQ) PT at $85.73

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $86.88.

A number of research firms recently issued reports on NDAQ. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Morgan Stanley raised their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nasdaq

Several institutional investors and hedge funds have recently bought and sold shares of NDAQ. Kestra Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter valued at about $33,000. Atria Wealth Solutions Inc. lifted its stake in Nasdaq by 94.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,030 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 2,936 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Nasdaq by 1,274.2% in the fourth quarter. Venturi Wealth Management LLC now owns 907 shares of the financial services provider’s stock valued at $70,000 after buying an additional 841 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Nasdaq by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 67,823 shares of the financial services provider’s stock worth $5,243,000 after buying an additional 2,951 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Nasdaq by 22.1% during the fourth quarter. Sanctuary Advisors LLC now owns 61,813 shares of the financial services provider’s stock worth $5,086,000 after buying an additional 11,198 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $82.34 on Thursday. 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 business has a 50 day simple moving average of $79.55 and a two-hundred day simple moving average of $74.78. The stock has a market capitalization of $47.33 billion, a P/E ratio of 42.89, a PEG ratio of 2.78 and a beta of 0.98. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.91% and a net margin of 15.10%. As a group, analysts predict that Nasdaq will post 3.16 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

Nasdaq Company Profile

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.