Nasdaq, Inc. (NASDAQ:NDAQ) Receives $80.87 Average PT from Analysts

Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $80.87.

A number of research firms have recently commented on NDAQ. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Oppenheimer upped their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Piper Sandler lifted their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $79.78 on Friday. Nasdaq has a fifty-two week low of $53.36 and a fifty-two week high of $80.77. The business has a 50-day moving average of $74.45 and a two-hundred day moving average of $67.59. The stock has a market capitalization of $45.85 billion, a P/E ratio of 47.77, a P/E/G ratio of 3.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping 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 analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock worth $2,860,902 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in shares of Nasdaq by 35.8% in the 1st quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 1,609 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Nasdaq by 55.8% in the 1st quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after purchasing an additional 9,894 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Nasdaq by 5.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,425 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 492 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Nasdaq by 11.0% in the 1st quarter. Acadian Asset Management LLC now owns 103,302 shares of the financial services provider’s stock valued at $6,516,000 after purchasing an additional 10,266 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.