Nasdaq, Inc. (NASDAQ:NDAQ) Receives $86.88 Consensus Price Target from Analysts

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

NDAQ has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Citigroup raised their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. UBS Group upped their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th.

Insider Activity

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

Institutional Investors Weigh In On Nasdaq

A number of hedge funds have recently modified their holdings of NDAQ. Rakuten Securities Inc. acquired a new position in Nasdaq in the 4th quarter valued at about $26,000. Founders Capital Management acquired a new position in Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in Nasdaq in the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its position 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 acquiring an additional 225 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in Nasdaq in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 0.3 %

NASDAQ:NDAQ opened at $77.67 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company’s fifty day moving average price is $79.23 and its 200-day moving average price is $77.54. Nasdaq has a 1-year low of $58.10 and a 1-year high of $84.15. The firm has a market capitalization of $44.67 billion, a P/E ratio of 40.45, a PEG ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts anticipate that Nasdaq will post 3.18 EPS 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

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.