Oppenheimer Increases Nasdaq (NASDAQ:NDAQ) Price Target to $86.00

Nasdaq (NASDAQ:NDAQ) had its price target hoisted by Oppenheimer from $84.00 to $86.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on NDAQ. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research note on Tuesday, October 8th. Finally, Piper Sandler increased their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.27.

Nasdaq Stock Up 0.9 %

Nasdaq stock opened at $75.34 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market capitalization of $43.39 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The business has a 50 day simple moving average of $72.66 and a 200-day simple moving average of $65.80. Nasdaq has a 12 month low of $47.72 and a 12 month high of $75.89.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, analysts anticipate that Nasdaq will post 2.76 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Institutional Investors Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd grew its holdings in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new position in Nasdaq in the second quarter valued at about $26,000. Claro Advisors LLC purchased a new position in Nasdaq during the third quarter worth about $33,000. LRI Investments LLC acquired a new stake in shares of Nasdaq during the first quarter valued at about $31,000. Finally, Crewe Advisors LLC raised its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares during the period. 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.