Nasdaq (NASDAQ:NDAQ) had its target price hoisted by UBS Group from $103.00 to $113.00 in a report released on Wednesday, Stock Target Advisor reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on NDAQ. Raymond James upped their price target on S&P Global from $226.00 to $246.00 and gave the stock an outperform rating in a research note on Wednesday. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Bank of America set a $77.00 price target on Zscaler and gave the stock a neutral rating in a research note on Friday, May 31st. Finally, Wells Fargo & Co upped their price target on Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $100.70.

NASDAQ:NDAQ opened at $104.28 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average price is $96.10. Nasdaq has a 52 week low of $75.49 and a 52 week high of $104.61. The firm has a market capitalization of $17.28 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was down 13.2% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq will post 4.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s dividend payout ratio is currently 38.84%.

In other news, insider Edward S. Knight sold 22,059 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $90.83, for a total transaction of $2,003,618.97. Following the sale, the insider now owns 95,322 shares of the company’s stock, valued at $8,658,097.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene T. Begley sold 6,160 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $96.54, for a total value of $594,686.40. The disclosure for this sale can be found here. Insiders have sold 31,715 shares of company stock worth $2,923,953 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of NDAQ. Norges Bank purchased a new stake in shares of Nasdaq during the fourth quarter worth $93,156,000. First Trust Advisors LP increased its position in shares of Nasdaq by 333.1% during the first quarter. First Trust Advisors LP now owns 514,822 shares of the financial services provider’s stock worth $45,042,000 after acquiring an additional 395,962 shares during the period. Millennium Management LLC increased its position in shares of Nasdaq by 277.6% during the fourth quarter. Millennium Management LLC now owns 318,740 shares of the financial services provider’s stock worth $26,000,000 after acquiring an additional 234,328 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Nasdaq by 5,536.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 222,428 shares of the financial services provider’s stock worth $19,460,000 after acquiring an additional 218,482 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Nasdaq during the fourth quarter worth $16,175,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

About Nasdaq

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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