Nasdaq Inc (NDAQ) Given Consensus Rating of “Hold” by Brokerages

Share on StockTwits

Nasdaq Inc (NASDAQ:NDAQ) has been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $96.50.

NDAQ has been the subject of a number of research analyst reports. BidaskClub raised shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Citigroup upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, December 3rd. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Argus initiated coverage on shares of Nasdaq in a report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price target for the company. Finally, ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.

In other Nasdaq news, insider Bradley J. Peterson sold 6,159 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lars Wedenborn sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Insiders sold a total of 14,500 shares of company stock valued at $1,218,368 over the last three months. 0.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Verity & Verity LLC lifted its stake in Nasdaq by 11.2% during the fourth quarter. Verity & Verity LLC now owns 32,227 shares of the financial services provider’s stock valued at $2,629,000 after buying an additional 3,240 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Nasdaq by 6.4% during the second quarter. Advisors Asset Management Inc. now owns 17,186 shares of the financial services provider’s stock valued at $1,569,000 after buying an additional 1,031 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Nasdaq by 386.6% during the third quarter. Penserra Capital Management LLC now owns 20,242 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 16,082 shares in the last quarter. FMR LLC lifted its stake in Nasdaq by 0.5% during the third quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock valued at $142,396,000 after buying an additional 7,987 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Nasdaq by 20.2% during the fourth quarter. Huntington National Bank now owns 34,509 shares of the financial services provider’s stock valued at $2,815,000 after buying an additional 5,805 shares in the last quarter. 74.08% of the stock is owned by institutional investors.

NDAQ stock opened at $88.08 on Friday. The stock has a market capitalization of $14.40 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.15 and a beta of 0.62. Nasdaq has a fifty-two week low of $75.49 and a fifty-two week high of $96.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $642.95 million. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts anticipate that Nasdaq will post 5.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, March 14th. Nasdaq’s payout ratio is 36.36%.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

See Also: What is the Rule of 72?

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.