Nasdaq (NASDAQ:NDAQ) Price Target Raised to $91.00

by · The Cerbat Gem

Nasdaq (NASDAQ:NDAQ – Free Report) had its price objective raised by Keefe, Bruyette & Woods from $86.00 to $91.00 in a research note released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on NDAQ. The Goldman Sachs Group boosted their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Oppenheimer upped their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. UBS Group boosted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price objective 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. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $82.40.

View Our Latest Analysis on NDAQ

Nasdaq Stock Performance

Shares of NDAQ opened at $77.70 on Friday. Nasdaq has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a market cap of $44.66 billion, a price-to-earnings ratio of 46.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average of $78.14 and a 200-day moving average of $70.65.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, equities analysts anticipate that Nasdaq will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the 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 completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last three months. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Y.D. More Investments Ltd boosted its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq in the third quarter worth approximately $27,000. Crewe Advisors LLC boosted its holdings in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. Claro Advisors LLC purchased a new position in Nasdaq during the third quarter valued at approximately $33,000. Finally, New Millennium Group LLC acquired a new position in Nasdaq in the 2nd quarter valued at approximately $34,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Company Profile

(Get Free Report)

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.

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