Shares of Nasdaq Inc (NASDAQ:NDAQ) hit a new 52-week high and low on Thursday . The stock traded as low as $87.23 and last traded at $86.74, with a volume of 261028 shares changing hands. The stock had previously closed at $85.65.
Several analysts recently weighed in on NDAQ shares. Wells Fargo upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $83.00 to $85.00 in a research report on Monday, February 12th. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. UBS reissued a “buy” rating and set a $100.00 target price (up previously from $97.00) on shares of Nasdaq in a research note on Tuesday, March 6th. Bank of America raised their target price on shares of Nasdaq from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Friday, April 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.04.
The company has a market cap of $14,480.69, a P/E ratio of 20.55, a PEG ratio of 1.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. research analysts anticipate that Nasdaq Inc will post 4.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.01%. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s payout ratio is currently 37.44%.
Nasdaq declared that its Board of Directors has initiated a stock buyback program on Monday, January 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Charlene T. Begley sold 4,017 shares of Nasdaq stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total value of $326,863.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward S. Knight sold 13,200 shares of Nasdaq stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the transaction, the insider now directly owns 73,569 shares in the company, valued at approximately $5,842,114.29. The disclosure for this sale can be found here. Insiders sold a total of 23,668 shares of company stock worth $1,895,994 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NDAQ. Delpha Capital Management LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $103,000. Delta Asset Management LLC TN grew its stake in shares of Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,400 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $122,000. Cerebellum GP LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $125,000. Finally, AlphaOne Investment Services LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $154,000. 76.49% of the stock is currently owned by institutional investors.
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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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