Nasdaq, Inc. (NASDAQ:NDAQ) Receives $86.88 Average Price Target from Brokerages

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the stock, 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 12 month target price among brokers that have issued ratings on the stock in the last year is $86.88.

NDAQ has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Barclays lowered their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. UBS Group lifted their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Citigroup upped their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th.

Nasdaq Trading Down 1.5 %

Shares of Nasdaq stock opened at $76.36 on Friday. Nasdaq has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The business’s fifty day moving average is $79.20 and its two-hundred day moving average is $77.53. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market cap of $43.92 billion, a PE ratio of 39.77, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts anticipate that Nasdaq will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm 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 dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the 4th quarter worth about $26,000. Founders Capital Management bought a new position in Nasdaq during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new position in Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% in the fourth 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 period. Finally, Kapitalo Investimentos Ltda bought a new stake in Nasdaq during the fourth quarter valued at $37,000. 72.47% of the stock is currently owned by institutional investors.

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.