Nasdaq (NASDAQ:NDAQ) Coverage Initiated at Edward Jones

Edward Jones began coverage on shares of Nasdaq (NASDAQ:NDAQFree Report) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Nasdaq from a sell rating to a hold rating in a research report on Wednesday, March 27th. Piper Sandler raised their price target on Nasdaq from $70.00 to $71.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. UBS Group raised their price target on Nasdaq from $56.00 to $60.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Citigroup raised their price target on Nasdaq from $56.00 to $63.00 and gave the stock a neutral rating in a research report on Friday, January 12th. Finally, Oppenheimer raised their price target on Nasdaq from $65.00 to $68.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $63.70.

View Our Latest Research Report on Nasdaq

Nasdaq Trading Up 0.4 %

NASDAQ:NDAQ opened at $61.58 on Wednesday. Nasdaq has a 1-year low of $46.88 and a 1-year high of $63.52. The business’s 50-day moving average price is $58.46 and its two-hundred day moving average price is $55.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.82 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. Nasdaq’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. On average, equities analysts expect that Nasdaq will post 2.74 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio is presently 41.71%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cresset Asset Management LLC boosted its stake in shares of Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 74 shares during the period. Horizon Investments LLC boosted its stake in shares of Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 86 shares during the period. Brinker Capital Investments LLC boosted its stake in shares of Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after acquiring an additional 106 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 120 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 130 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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