Nasdaq (NDAQ) Sets New 12-Month High and Low at $87.23

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.

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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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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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