Analysts Set Nasdaq, Inc. (NASDAQ:NDAQ) Target Price at $82.40

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $85.60.

A number of analysts recently commented on the stock. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America lowered their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Oppenheimer lifted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the business’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 sale, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cumberland Partners Ltd bought a new position in Nasdaq during the 3rd quarter worth $10,400,000. Nomura Asset Management Co. Ltd. increased its position in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Nasdaq in the third quarter valued at about $2,701,000. Dimensional Fund Advisors LP lifted its position in Nasdaq by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock worth $142,144,000 after purchasing an additional 174,778 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Nasdaq by 10.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after buying an additional 313,079 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 2.7 %

NASDAQ NDAQ opened at $75.88 on Friday. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77. The stock has a 50-day simple moving average of $79.26 and a 200 day simple moving average of $72.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $43.61 billion, a PE ratio of 45.44, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company posted $0.71 EPS. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts forecast that Nasdaq will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

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.