Nasdaq (NASDAQ:NDAQ) Price Target Cut to $95.00 by Analysts at Barclays

Nasdaq (NASDAQ:NDAQ) had its target price trimmed by Barclays from $96.00 to $95.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Piper Sandler lifted their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. William Blair assumed coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Argus raised their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Raymond James upped their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Up 0.1 %

NDAQ 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 stock has a market capitalization of $47.33 billion, a P/E ratio of 42.89, a P/E/G ratio of 2.78 and a beta of 0.98. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The business has a 50-day moving average of $79.55 and a 200-day moving average of $74.78.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Nasdaq will post 3.16 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insider Transactions at Nasdaq

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 shares were 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 $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,817 shares of company stock worth $2,330,033. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at $27,000. Founders Capital Management bought a new stake in Nasdaq in the fourth quarter valued at approximately $27,000. Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new position in Nasdaq during the 4th quarter worth approximately $33,000. Finally, Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 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.