Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $74.17 and last traded at $73.21, with a volume of 402747 shares. The stock had previously closed at $71.39.
The newly announced dividend which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq's dividend payout ratio (DPR) is currently 50.53%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Rosenblatt Securities downgraded Nasdaq from a "buy" rating to a "neutral" rating and cut their target price for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. Barclays increased their target price on Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Bank of America upgraded shares of Nasdaq from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $53.00 to $90.00 in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Argus boosted their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.69.
Get Our Latest Research Report on Nasdaq
Nasdaq Stock Performance
The firm has a market cap of $42.27 billion, a PE ratio of 38.67, a PEG ratio of 3.06 and a beta of 0.94. The company has a 50-day simple moving average of $66.17 and a two-hundred day simple moving average of $62.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.71 earnings per share. The firm's quarterly revenue was up 25.3% compared to the same quarter last year. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.74 earnings per share for the current year.
Insider Buying and Selling at Nasdaq
In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd raised its stake in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of Nasdaq in the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. grew its stake in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 201 shares in the last quarter. Crewe Advisors LLC grew its stake in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Nasdaq during the 1st quarter worth approximately $31,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
Before you consider Nasdaq, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nasdaq wasn't on the list.
While Nasdaq currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
