Shares of Nasdaq Inc (NASDAQ:NDAQ) have been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.58.

A number of analysts have recently commented on NDAQ shares. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Citigroup lifted their target price on Nasdaq from $89.00 to $95.00 and gave the stock a “$95.59” rating in a research report on Wednesday, July 18th. Barclays lifted their target price on Nasdaq from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Finally, Deutsche Bank cut their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th.

Nasdaq stock traded up $0.54 during midday trading on Friday, reaching $80.50. The company’s stock had a trading volume of 1,960 shares, compared to its average volume of 1,098,222. Nasdaq has a fifty-two week low of $71.65 and a fifty-two week high of $96.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $13.26 billion, a PE ratio of 19.74, a P/E/G ratio of 1.76 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $620.25 million. During the same period last year, the firm earned $1.02 earnings per share. Nasdaq’s quarterly revenue was up 3.2% on a year-over-year basis. On average, research analysts expect that Nasdaq will post 4.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, September 13th. Nasdaq’s dividend payout ratio (DPR) is currently 43.35%.

In other news, insider Bradley J. Peterson sold 1,500 shares of Nasdaq stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of NDAQ. First Hawaiian Bank acquired a new position in Nasdaq in the 3rd quarter valued at about $101,000. Legacy Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at about $116,000. Cornerstone Wealth Management LLC acquired a new position in Nasdaq in the 2nd quarter valued at about $122,000. Piedmont Investment Advisors LLC acquired a new position in Nasdaq in the 2nd quarter valued at about $125,000. Finally, TNB Financial acquired a new position in Nasdaq in the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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