Nasdaq (NASDAQ:NDAQ) Price Target Raised to $82.00

Nasdaq (NASDAQ:NDAQ - Free Report) had its price target upped by UBS Group from $76.00 to $82.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.

Other equities research analysts have also issued reports about the stock. Oppenheimer reduced their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Thursday, April 17th. Barclays dropped their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Piper Sandler boosted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Nasdaq presently has an average rating of "Moderate Buy" and an average price target of $85.18.

Nasdaq Trading Up 0.8 %

Shares of Nasdaq stock traded up $0.62 on Friday, hitting $75.36. The stock had a trading volume of 2,810,470 shares, compared to its average volume of 2,809,197. The stock has a 50 day moving average of $75.07 and a 200 day moving average of $77.49. Nasdaq has a twelve month low of $58.28 and a twelve month high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market capitalization of $43.27 billion, a P/E ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Sell-side analysts expect that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.43%. Nasdaq's payout ratio is presently 49.09%.

Insiders Place Their Bets

In other Nasdaq 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 value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the company's 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 of the company's stock, valued at $4,450,783.80. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock valued at $1,434,818. Corporate 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. Norges Bank bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $424,285,000. Ameriprise Financial Inc. grew its position in shares of Nasdaq by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after acquiring an additional 1,650,201 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $110,867,000. Raymond James Financial Inc. bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $105,481,000. Finally, Franklin Resources Inc. grew its position in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after acquiring an additional 1,225,672 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Company Profile

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.