Nasdaq (NASDAQ:NDAQ) Price Target Raised to $82.00 at Argus

Nasdaq (NASDAQ:NDAQ) had its price objective boosted by Argus from $76.00 to $82.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on NDAQ. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. UBS Group boosted their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. Bank of America lowered their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Oppenheimer upped their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. 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’s stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Nasdaq Price Performance

NASDAQ NDAQ opened at $76.14 on Tuesday. Nasdaq has a twelve month low of $50.05 and a twelve month high of $76.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $43.76 billion, a PE ratio of 45.59, a P/E/G ratio of 2.91 and a beta of 0.95. The stock has a 50-day simple moving average of $73.11 and a 200 day simple moving average of $66.32.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is 57.49%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was 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 of the company’s stock, valued at $10,757,955.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now directly 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. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NDAQ. Vanguard Group Inc. lifted its stake in shares of Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the period. Farallon Capital Management LLC increased its position in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after buying an additional 1,866,219 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Nasdaq by 283.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after buying an additional 853,414 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Nasdaq by 67.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock valued at $121,879,000 after buying an additional 815,946 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after buying an additional 602,040 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

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.