Nasdaq, Inc. (NASDAQ:NDAQ) Receives $98.56 Average Price Target from Analysts

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $98.5625.

NDAQ has been the topic of several recent research reports. Barclays set a $109.00 target price on Nasdaq and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Citigroup restated a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Cowen restated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Oppenheimer restated an “outperform” rating and set a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Finally, UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and raised their price target for the stock from $95.00 to $115.00 in a report on Friday, July 25th.

Institutional Trading of Nasdaq

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Nasdaq by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,223 shares of the financial services provider’s stock valued at $3,962,000 after purchasing an additional 771 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Nasdaq by 7.7% in the 1st quarter. DAVENPORT & Co LLC now owns 55,959 shares of the financial services provider’s stock valued at $4,245,000 after purchasing an additional 4,004 shares during the last quarter. Keybank National Association OH increased its holdings in Nasdaq by 21.3% in the 1st quarter. Keybank National Association OH now owns 13,021 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 2,290 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Nasdaq by 192.2% in the 1st quarter. Teacher Retirement System of Texas now owns 177,192 shares of the financial services provider’s stock valued at $13,442,000 after purchasing an additional 116,545 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Nasdaq by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after purchasing an additional 27,622 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 1.1%

Shares of Nasdaq stock opened at $86.39 on Friday. The stock has a market cap of $49.33 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.79 and a beta of 0.98. The stock’s 50 day simple moving average is $90.30 and its 200-day simple moving average is $87.92. Nasdaq has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Analysts predict that Nasdaq will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 38.57%.

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.