Nasdaq, Inc. (NASDAQ:NDAQ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $86.88.

NDAQ has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. UBS Group lifted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, Citigroup raised their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Nasdaq by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,482,000 after acquiring an additional 2,171 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Nasdaq by 7.9% in the third quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 795 shares during the last quarter. International Assets Investment Management LLC raised its stake in Nasdaq by 388,765.6% in the third quarter. International Assets Investment Management LLC now owns 373,311 shares of the financial services provider’s stock valued at $27,255,000 after purchasing an additional 373,215 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Nasdaq by 820.7% in the third quarter. Assenagon Asset Management S.A. now owns 132,786 shares of the financial services provider’s stock valued at $9,695,000 after purchasing an additional 118,364 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Nasdaq by 6.1% during the third quarter. Dakota Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 1.8 %

NASDAQ:NDAQ opened at $81.07 on Monday. Nasdaq has a 52 week low of $55.51 and a 52 week high of $84.15. The firm has a 50-day moving average price of $79.63 and a two-hundred day moving average price of $76.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.