Nasdaq, Inc. (NASDAQ:NDAQ) Receives $85.56 Average PT from Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) has received a consensus rating of "Moderate Buy" from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $85.88.

A number of equities research analysts recently weighed in on the stock. Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Citigroup cut their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their price target on Nasdaq from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Monday. Finally, Piper Sandler lifted their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th.

Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NDAQ. Grove Bank & Trust increased its stake in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Nasdaq by 1.4% in the first quarter. QRG Capital Management Inc. now owns 38,867 shares of the financial services provider's stock valued at $2,948,000 after buying an additional 521 shares during the period. Highline Wealth Partners LLC boosted its stake in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in Nasdaq by 13.5% during the first quarter. Sagespring Wealth Partners LLC now owns 3,691 shares of the financial services provider's stock worth $280,000 after acquiring an additional 439 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Nasdaq by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 3,096 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Up 0.7 %

NASDAQ:NDAQ traded up $0.49 during mid-day trading on Tuesday, hitting $72.18. The company had a trading volume of 2,606,182 shares, compared to its average volume of 2,827,545. The business has a fifty day simple moving average of $75.99 and a 200-day simple moving average of $77.38. The firm has a market capitalization of $41.51 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced 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%. Equities analysts forecast that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

About Nasdaq

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.