Brokerages Set Nasdaq, Inc. (NASDAQ:NDAQ) Price Target at $81.53

Shares of Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seventeen analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $81.53.

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Barclays raised their price target on shares of Nasdaq from $87.00 to $97.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of Nasdaq in a report on Tuesday, November 19th.

Nasdaq Stock Up 1.1 %

Shares of NDAQ traded up $0.88 during mid-day trading on Wednesday, reaching $81.31. 2,806,778 shares of the stock traded hands, compared to its average volume of 2,859,073. The firm has a market cap of $46.73 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 3.16 and a beta of 0.97. The stock has a fifty day simple moving average of $77.10 and a 200 day simple moving average of $69.84. Nasdaq has a 12-month low of $53.87 and a 12-month high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 21.9% on a year-over-year basis. Sell-side analysts expect that Nasdaq will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, December 6th. Nasdaq's dividend payout ratio is currently 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 142,830 shares of the company's stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. Y.D. More Investments Ltd lifted its holdings in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in Nasdaq during the 2nd quarter worth about $26,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $27,000. Crewe Advisors LLC raised its holdings in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock worth $30,000 after buying an additional 314 shares during the period. Finally, Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $33,000. 72.47% of the stock is owned by institutional investors and hedge funds.

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.