Nasdaq, Inc. (NASDAQ:NDAQ) Receives $81.53 Consensus Price Target from Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $81.53.

A number of research analysts have recently weighed in on the company. Oppenheimer lifted 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a report on Tuesday, November 19th. William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th.

Insider Activity

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now 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 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after buying an additional 24,084,154 shares in the last quarter. State Street Corp increased its holdings in Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC boosted its stake in Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares in the last quarter. Harris Associates L P grew its holdings in shares of Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Nasdaq by 2.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after buying an additional 94,122 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

NASDAQ NDAQ opened at $80.12 on Wednesday. Nasdaq has a 1 year low of $54.54 and a 1 year high of $83.77. The stock’s 50-day moving average price is $77.59 and its two-hundred day moving average price is $70.12. The company has a market cap of $46.05 billion, a PE ratio of 47.98, a PEG ratio of 3.17 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Nasdaq will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq’s dividend payout ratio is 57.49%.

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.