Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $72.88.
A number of equities analysts have issued reports on NDAQ shares. Deutsche Bank AG decreased their price objective on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price objective on shares of Nasdaq in a report on Tuesday, June 13th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th.
Nasdaq (NASDAQ NDAQ) traded up 0.63% on Monday, hitting $70.30. 819,583 shares of the stock traded hands. The stock has a 50-day moving average price of $68.46 and a 200 day moving average price of $68.99. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 81.93 and a beta of 0.76. Nasdaq has a 1-year low of $61.19 and a 1-year high of $72.52.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The company had revenue of $583 million during the quarter, compared to the consensus estimate of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, analysts anticipate that Nasdaq will post $4.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 2.16%. Nasdaq’s dividend payout ratio (DPR) is presently 183.13%.
In other news, Director Lars Wedenborn sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Tompkins Financial Corp bought a new position in shares of Nasdaq during the first quarter valued at $143,000. Pacer Advisors Inc. increased its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Nasdaq during the first quarter valued at $189,000. Ameritas Investment Partners Inc. bought a new position in shares of Nasdaq during the first quarter valued at $190,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Nasdaq during the first quarter valued at $203,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.
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Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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