Nasdaq (NASDAQ:NDAQ) Price Target Raised to $84.00

Nasdaq (NASDAQ:NDAQ) had its price target lifted by Barclays from $77.00 to $84.00 in a report issued on Monday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

NDAQ has been the topic of several other reports. TD Cowen initiated coverage on shares of Nasdaq in a research report on Thursday, September 26th. They issued a hold rating and a $83.00 price target on the stock. Oppenheimer upped their price target on Nasdaq from $78.00 to $80.00 and gave the company an outperform rating in a report on Monday, September 9th. Royal Bank of Canada started coverage on Nasdaq in a research note on Friday, September 27th. They set an outperform rating and a $88.00 price objective for the company. Bank of America reduced their target price on Nasdaq from $90.00 to $88.00 and set a buy rating for the company in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $66.00 to $72.00 and gave the stock a hold rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $76.73.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $71.84 on Monday. The firm’s 50-day simple moving average is $71.23 and its 200 day simple moving average is $64.78. The stock has a market cap of $41.32 billion, a P/E ratio of 37.81, a P/E/G ratio of 3.04 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq has a fifty-two week low of $47.56 and a fifty-two week high of $74.88.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts expect that Nasdaq will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. Nasdaq’s dividend payout ratio is 50.53%.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd lifted its position in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares during the period. Salem Investment Counselors Inc. increased its holdings in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares during the period. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the 2nd quarter valued at $26,000. LRI Investments LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at $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 buying an additional 314 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

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.