Nasdaq (NASDAQ:NDAQ) Price Target Raised to $97.00

Nasdaq (NASDAQ:NDAQ) had its price target hoisted by investment analysts at Barclays from $87.00 to $97.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 19.55% from the company’s current price.

A number of other brokerages have also issued reports on NDAQ. Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Raymond James upgraded 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.53.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ NDAQ traded up $0.11 on Monday, hitting $81.14. The company had a trading volume of 4,918,114 shares, compared to its average volume of 2,478,195. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12-month low of $53.62 and a 12-month high of $83.77. The firm has a market capitalization of $46.64 billion, a P/E ratio of 48.59, a PEG ratio of 3.16 and a beta of 0.97. The business has a 50 day moving average of $76.82 and a two-hundred day moving average of $69.58.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.17 billion. During the same period last year, the business earned $0.71 EPS. The business’s revenue was up 21.9% on a year-over-year basis. As a group, equities research analysts forecast that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on 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 trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Nasdaq

Several large investors have recently modified their holdings of NDAQ. Retirement Systems of Alabama increased its stake in shares of Nasdaq by 8.0% in the third quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider’s stock worth $6,618,000 after purchasing an additional 6,704 shares during the period. Tidal Investments LLC boosted its stake in Nasdaq by 38.6% during the third quarter. Tidal Investments LLC now owns 60,535 shares of the financial services provider’s stock worth $4,420,000 after buying an additional 16,868 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Nasdaq in the third quarter valued at about $1,266,000. Sfmg LLC acquired a new position in Nasdaq in the third quarter worth about $207,000. Finally, World Investment Advisors LLC acquired a new stake in Nasdaq during the third quarter valued at approximately $651,000. 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.