Credit Suisse Group AG set a $72.00 target price on Nasdaq Inc. (NASDAQ:NDAQ) in a research report sent to investors on Monday morning. The firm currently has a a buy rating on the stock.
Several other research firms have also recently commented on NDAQ. Zacks Investment Research cut shares of Nasdaq from a hold rating to a sell rating in a research report on Wednesday, October 5th. Deutsche Bank AG lifted their price target on shares of Nasdaq from $72.00 to $73.00 and gave the stock a buy rating in a report on Monday, July 18th. Barclays PLC lowered their price target on shares of Nasdaq from $74.00 to $73.00 and set an overweight rating on the stock in a report on Thursday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $64.00 to $69.00 and gave the stock a neutral rating in a report on Friday, July 29th. Finally, Jefferies Group lifted their price target on shares of Nasdaq from $58.00 to $68.00 and gave the stock a hold rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Nasdaq has a consensus rating of Hold and an average price target of $70.42.
Shares of Nasdaq (NASDAQ:NDAQ) opened at 66.46 on Monday. The company has a market capitalization of $11.00 billion, a PE ratio of 23.01 and a beta of 0.81. Nasdaq has a 1-year low of $53.70 and a 1-year high of $71.92. The firm’s 50-day moving average price is $69.16 and its 200 day moving average price is $66.68.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The firm had revenue of $559 million for the quarter, compared to analysts’ expectations of $548 million. During the same quarter last year, the firm earned $0.83 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Nasdaq will post $3.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. Nasdaq’s dividend payout ratio (DPR) is currently 44.44%.
In related news, CEO Robert Greifeld sold 199,480 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $70.28, for a total value of $14,019,454.40. Following the completion of the transaction, the chief executive officer now directly owns 1,064,815 shares in the company, valued at $74,835,198.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the completion of the transaction, the insider now owns 76,407 shares of the company’s stock, valued at $5,379,052.80. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its position in shares of Nasdaq by 166.2% in the second quarter. Advisory Services Network LLC now owns 2,068 shares of the company’s stock valued at $134,000 after buying an additional 1,291 shares during the period. Pacer Advisors Inc. raised its position in shares of Nasdaq by 10.6% in the second quarter. Pacer Advisors Inc. now owns 2,316 shares of the company’s stock valued at $150,000 after buying an additional 222 shares during the period. Seven Eight Capital LLC bought a new position in shares of Nasdaq during the second quarter valued at about $162,000. Baird Financial Group Inc. bought a new position in shares of Nasdaq during the second quarter valued at about $224,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Nasdaq during the first quarter valued at about $226,000. Institutional investors own 74.21% of the company’s stock.
Nasdaq Company Profile