Brokerages Set Nasdaq, Inc. (NASDAQ:NDAQ) Target Price at $97.06

Nasdaq, Inc. (NASDAQ:NDAQ) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $97.0625.

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Oppenheimer reaffirmed an “outperform” rating and set a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Barclays upped their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed an “outperform” rating and set a $96.00 price objective (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Piper Sandler upped their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 4th.

Nasdaq Stock Up 0.7%

NDAQ stock opened at $94.50 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a 50-day moving average of $91.31 and a two-hundred day moving average of $82.62. The stock has a market capitalization of $54.22 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Nasdaq will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq’s dividend payout ratio is 41.54%.

Insider Buying and Selling at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares of the company’s stock, valued at $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares of the company’s stock, valued at $9,867,680.45. This trade represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC grew its stake in Nasdaq by 23.2% during the fourth quarter. Gabelli Funds LLC now owns 4,905 shares of the financial services provider’s stock worth $379,000 after buying an additional 925 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock worth $317,000 after buying an additional 164 shares during the last quarter. NewEdge Advisors LLC grew its stake in Nasdaq by 56.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,601 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 5,254 shares during the last quarter. Marshall Wace LLP bought a new stake in Nasdaq during the fourth quarter worth about $3,276,000. Finally, Canada Pension Plan Investment Board grew its stake in Nasdaq by 93.6% during the fourth quarter. Canada Pension Plan Investment Board now owns 210,549 shares of the financial services provider’s stock worth $16,278,000 after buying an additional 101,775 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

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.