BidaskClub downgraded shares of Nasdaq (NASDAQ:NDAQ) from a buy rating to a hold rating in a report issued on Thursday, BidAskClub reports.

NDAQ has been the topic of several other research reports. Citigroup downgraded shares of Nasdaq from a neutral rating to a sell rating and raised their price target for the stock from $93.00 to $95.00 in a research note on Monday, July 22nd. Raymond James raised their price target on shares of Nasdaq from $96.00 to $108.00 and gave the stock an outperform rating in a research note on Wednesday, July 10th. Bank of America reaffirmed a neutral rating and issued a $88.00 price target on shares of Nasdaq in a research note on Friday, May 31st. Deutsche Bank cut their target price on shares of Nasdaq from $113.00 to $110.00 and set a buy rating on the stock in a research report on Friday, August 9th. Finally, ValuEngine downgraded shares of Nasdaq from a buy rating to a hold rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Nasdaq presently has a consensus rating of Hold and an average price target of $102.44.

NDAQ stock traded up $0.52 during trading on Thursday, hitting $99.52. The company had a trading volume of 569,474 shares, compared to its average volume of 731,897. The firm has a market capitalization of $16.38 billion, a P/E ratio of 20.56, a PEG ratio of 2.91 and a beta of 0.65. Nasdaq has a 52-week low of $75.49 and a 52-week high of $105.26. The company has a 50 day simple moving average of $98.58 and a 200-day simple moving average of $93.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $629.06 million. Nasdaq had a net margin of 12.86% and a return on equity of 14.68%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. Sell-side analysts forecast that Nasdaq will post 4.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 12th. Nasdaq’s dividend payout ratio (DPR) is 38.84%.

In other news, insider Ann M. Dennison sold 5,496 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total value of $530,638.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Pc Nelson Griggs sold 1,444 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $101.09, for a total transaction of $145,973.96. The disclosure for this sale can be found here. Insiders sold a total of 11,801 shares of company stock worth $1,158,532 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Doyle Wealth Management acquired a new stake in Nasdaq in the 2nd quarter worth approximately $62,000. Pittenger & Anderson Inc. acquired a new stake in Nasdaq in the 1st quarter worth approximately $66,000. Benjamin Edwards Inc. boosted its stake in Nasdaq by 28.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 197 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Nasdaq in the 1st quarter worth approximately $96,000. Finally, NuWave Investment Management LLC boosted its stake in Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 76.21% 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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