Nasdaq (NASDAQ:NDAQ) Stock Rating Upgraded by StockNews.com

Nasdaq (NASDAQ:NDAQ) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating on the stock. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. UBS Group lifted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Barclays lifted their price target on shares of Nasdaq from $87.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Oppenheimer lifted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.53.

Nasdaq Trading Down 0.9 %

Shares of NDAQ opened at $80.12 on Friday. The firm’s 50 day simple moving average is $77.59 and its 200 day simple moving average is $70.26. The company has a market capitalization of $46.05 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq has a 1-year low of $54.54 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Sell-side analysts forecast that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Hedge funds have recently modified their holdings of the business. Cumberland Partners Ltd bought a new stake in shares of Nasdaq during the 3rd quarter valued at $10,400,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Nasdaq during the 3rd quarter valued at $2,701,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Nasdaq by 4.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,936 shares of the financial services provider’s stock valued at $62,426,000 after buying an additional 44,432 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nasdaq by 49.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after buying an additional 54,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Nasdaq by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after buying an additional 174,778 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

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.