Nasdaq (NASDAQ:NDAQ - Free Report) had its price objective decreased by Barclays from $95.00 to $87.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.
Other analysts have also recently issued reports about the stock. Bank of America boosted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Raymond James upped their price target on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Finally, UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.63.
Check Out Our Latest Stock Report on Nasdaq
Nasdaq Trading Up 1.7 %
NASDAQ NDAQ traded up $1.23 during trading hours on Monday, hitting $71.53. 4,136,405 shares of the company's stock were exchanged, compared to its average volume of 2,842,130. The business's 50 day moving average is $76.80 and its 200-day moving average is $77.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq has a 12-month low of $58.10 and a 12-month high of $84.15. The firm has a market capitalization of $41.14 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, analysts anticipate that Nasdaq will post 3.18 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 1.34%. Nasdaq's dividend payout ratio is presently 50.00%.
Insider Transactions at Nasdaq
In other news, EVP Sarah Youngwood sold 14,959 shares of the business'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 completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is currently owned by insiders.
Institutional Trading of Nasdaq
Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $26,000. Founders Capital Management bought a new stake in Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.
Nasdaq Company Profile
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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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