Nasdaq (NASDAQ:NDAQ) Given New $80.00 Price Target at Deutsche Bank Aktiengesellschaft

Nasdaq (NASDAQ:NDAQ) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $78.00 to $80.00 in a research report report published on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on NDAQ. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays boosted their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Trading Up 1.2 %

Shares of NASDAQ:NDAQ opened at $79.66 on Monday. Nasdaq has a 52-week low of $51.72 and a 52-week high of $80.41. The company has a market cap of $45.79 billion, a P/E ratio of 47.70, a P/E/G ratio of 3.08 and a beta of 0.95. The stock’s 50-day moving average is $73.77 and its 200-day moving average is $66.92. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. Equities research analysts predict that Nasdaq will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm 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 dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.21%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’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 transaction, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock valued at $2,860,902 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NDAQ. Y.D. More Investments Ltd boosted its position in shares of Nasdaq by 94.8% during 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 in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the 2nd quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Crewe Advisors LLC boosted its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq during the 1st quarter worth approximately $31,000. 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.