Oppenheimer Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $85.00

Nasdaq (NASDAQ:NDAQ) had its price target decreased by Oppenheimer from $89.00 to $85.00 in a research report report published on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also weighed in on NDAQ. Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective for the company. in a report on Tuesday, April 8th. Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.63.

Nasdaq Trading Up 1.7 %

Shares of NDAQ opened at $71.53 on Friday. Nasdaq has a one year low of $58.10 and a one year high of $84.15. The stock has a 50-day moving average price of $76.80 and a 200 day moving average price of $77.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $41.14 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts forecast that Nasdaq will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.34%. Nasdaq’s payout ratio is 50.00%.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,116 shares of company stock valued at $1,434,818. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Nasdaq in the third quarter worth approximately $208,000. MML Investors Services LLC grew its holdings in shares of Nasdaq by 34.4% in the 3rd quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 1,494 shares during the last quarter. Barclays PLC raised its position in shares of Nasdaq by 48.9% during the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock worth $111,325,000 after purchasing an additional 500,418 shares during the period. M&T Bank Corp raised its position in shares of Nasdaq by 17.2% during the third quarter. M&T Bank Corp now owns 50,054 shares of the financial services provider’s stock worth $3,654,000 after purchasing an additional 7,354 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Nasdaq by 17.3% during the third quarter. Coldstream Capital Management Inc. now owns 7,396 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 1,090 shares during the last quarter. 72.47% of the stock is currently owned by 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.