Nasdaq, Inc. (NASDAQ:NDAQ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $80.87.

NDAQ has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Oppenheimer upped their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd.

Nasdaq Trading Up 0.9 %

NDAQ opened at $78.76 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $74.28 and its two-hundred day simple moving average is $67.35. The firm has a market capitalization of $45.27 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. Nasdaq has a 1-year low of $53.36 and a 1-year high of $80.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts expect that Nasdaq will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is currently 57.49%.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred 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 directly 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 37,384 shares of company stock worth $2,860,902 in the last ninety days. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently modified their holdings of NDAQ. Empowered Funds LLC increased its holdings in Nasdaq by 35.8% in the first quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider’s stock valued at $385,000 after buying an additional 1,609 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Nasdaq by 55.8% in the 1st quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after acquiring an additional 9,894 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Nasdaq by 5.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,425 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 492 shares in the last quarter. Vanguard Group Inc. lifted its stake in Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after purchasing an additional 3,173,981 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Nasdaq by 11.0% in the first quarter. Acadian Asset Management LLC now owns 103,302 shares of the financial services provider’s stock valued at $6,516,000 after purchasing an additional 10,266 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

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.