Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $70.02 and last traded at $69.98, with a volume of 112613 shares changing hands. The stock had previously closed at $69.83.
Analyst Ratings Changes
A number of analysts recently issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday. Rosenblatt Securities downgraded shares of Nasdaq from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Argus raised their price objective on shares of Nasdaq from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, May 14th. Finally, Barclays lifted their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.54.
Check Out Our Latest Stock Report on NDAQ
Nasdaq Stock Up 0.2 %
The company's 50 day moving average price is $63.33 and its two-hundred day moving average price is $60.99. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock has a market cap of $40.25 billion, a P/E ratio of 36.83, a PEG ratio of 2.72 and a beta of 0.94.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business's quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. Equities analysts forecast that Nasdaq, Inc. will post 2.73 earnings per share for the current year.
Nasdaq Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq's dividend payout ratio (DPR) is currently 50.53%.
Insider Buying and Selling at Nasdaq
In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares of the company's stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of NDAQ. Thoma Bravo L.P. bought a new stake in Nasdaq in the fourth quarter worth $4,166,454,000. Norges Bank bought a new stake in Nasdaq in the fourth quarter worth $239,347,000. Vanguard Group Inc. lifted its position in Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider's stock worth $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC lifted its position in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock worth $532,357,000 after buying an additional 1,866,219 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC bought a new stake in Nasdaq in the fourth quarter worth $96,241,000. 72.47% of the stock is owned by hedge funds and other institutional investors.
About Nasdaq
(
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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