Nasdaq (NASDAQ:NDAQ) Price Target Raised to $80.00

Nasdaq (NASDAQ:NDAQ) had its target price upped by Deutsche Bank Aktiengesellschaft from $78.00 to $80.00 in a research note released on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently weighed in on NDAQ. Barclays lifted their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Bank of America lowered their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Friday. Finally, Piper Sandler raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Price Performance

NDAQ stock opened at $79.66 on Monday. The company has a fifty day moving average price of $73.77 and a 200-day moving average price of $66.92. The company has a market capitalization of $45.79 billion, a P/E ratio of 47.70, a PEG ratio of 3.08 and a beta of 0.95. Nasdaq has a 52-week low of $51.72 and a 52-week high of $80.41. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, equities analysts expect that Nasdaq will post 2.78 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Activity

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock worth $2,860,902 over the last three months. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Nasdaq

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after acquiring an additional 57,900 shares during the period. Swedbank AB bought a new stake in Nasdaq in the first quarter worth about $2,595,000. Blair William & Co. IL raised its position in shares of Nasdaq by 55.8% in the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after purchasing an additional 9,894 shares during the period. Diversified Trust Co raised its position in shares of Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after purchasing an additional 8,974 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Nasdaq by 23.7% in the first quarter. Avantax Advisory Services Inc. now owns 125,211 shares of the financial services provider’s stock valued at $7,901,000 after purchasing an additional 23,993 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.