Nasdaq (NASDAQ:NDAQ) PT Lowered to $199.00

Nasdaq (NASDAQ:NDAQGet Rating) had its price objective cut by Rosenblatt Securities from $200.00 to $199.00 in a research note released on Thursday, Marketbeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on NDAQ. Citigroup decreased their price objective on shares of Nasdaq from $188.00 to $184.00 in a research report on Wednesday. The Goldman Sachs Group cut shares of Nasdaq from a neutral rating to a sell rating and set a $190.00 price objective on the stock. in a research report on Tuesday, January 4th. Bank of America increased their target price on shares of Nasdaq from $262.00 to $277.00 and gave the company a buy rating in a report on Thursday, January 27th. UBS Group reduced their price objective on Nasdaq from $238.00 to $225.00 and set a buy rating on the stock in a research note on Thursday, January 27th. Finally, Oppenheimer reduced their price objective on Nasdaq from $230.00 to $217.00 and set an outperform rating on the stock in a research note on Thursday, January 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Nasdaq presently has an average rating of Buy and an average target price of $205.80.

Shares of NDAQ stock opened at $178.55 on Thursday. The firm has a market capitalization of $29.36 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The firm has a fifty day simple moving average of $175.07 and a two-hundred day simple moving average of $190.49. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.75. Nasdaq has a 12 month low of $156.72 and a 12 month high of $214.96.

Nasdaq (NASDAQ:NDAQGet Rating) last posted its quarterly earnings data on Wednesday, January 26th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.15. The firm had revenue of $885.00 million for the quarter, compared to the consensus estimate of $866.46 million. Nasdaq had a net margin of 20.14% and a return on equity of 19.78%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. On average, equities analysts predict that Nasdaq will post 7.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 1.21%. Nasdaq’s payout ratio is presently 30.64%.

In other Nasdaq news, EVP Lauren B. Dillard sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $180.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 7,500 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $163.79, for a total transaction of $1,228,425.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. lifted its holdings in shares of Nasdaq by 69.8% during the fourth quarter. Ellevest Inc. now owns 146 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. Whittier Trust Co. raised its holdings in Nasdaq by 85.1% in the 4th quarter. Whittier Trust Co. now owns 174 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 80 shares during the last quarter. Mascoma Wealth Management LLC purchased a new position in Nasdaq in the 4th quarter worth approximately $37,000. PrairieView Partners LLC purchased a new position in Nasdaq in the 4th quarter worth approximately $43,000. Finally, Quent Capital LLC purchased a new position in Nasdaq in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

About Nasdaq (Get Rating)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.

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