Shares of Nasdaq Inc (NASDAQ:NDAQ) have been given an average recommendation of “Buy” by the twelve analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $113.50.

NDAQ has been the topic of a number of recent analyst reports. Deutsche Bank upped their target price on Nasdaq from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a report on Tuesday, May 26th. Oppenheimer reiterated an “outperform” rating and issued a $135.00 price target (up from $120.00) on shares of Nasdaq in a report on Friday, June 12th. Compass Point lowered their price target on Nasdaq from $113.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Finally, Credit Suisse Group lowered their price target on Nasdaq from $120.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th.

In related news, EVP Lars Ottersgard sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $119.82, for a total value of $419,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $118.42, for a total transaction of $355,260.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,038 shares of company stock valued at $1,407,406. 0.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDAQ. Acadian Asset Management LLC bought a new position in shares of Nasdaq in the fourth quarter valued at $71,000. Pacer Advisors Inc. raised its position in shares of Nasdaq by 7.8% during the fourth quarter. Pacer Advisors Inc. now owns 12,941 shares of the financial services provider’s stock worth $1,386,000 after purchasing an additional 938 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Nasdaq during the fourth quarter valued at $1,392,000. Piedmont Investment Advisors Inc. acquired a new position in shares of Nasdaq in the 4th quarter valued at $231,000. Finally, Envestnet Asset Management Inc. increased its stake in Nasdaq by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 229,710 shares of the financial services provider’s stock worth $24,602,000 after purchasing an additional 6,581 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Shares of NDAQ traded down $0.70 during trading on Tuesday, reaching $120.06. The company’s stock had a trading volume of 756,684 shares, compared to its average volume of 750,714. The company has a fifty day moving average of $117.25 and a two-hundred day moving average of $109.08. Nasdaq has a twelve month low of $71.66 and a twelve month high of $123.12. The company has a market cap of $19.70 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 2.83 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.04. Nasdaq had a return on equity of 16.08% and a net margin of 15.94%. The company had revenue of $701.00 million for the quarter, compared to analyst estimates of $692.43 million. During the same period in the prior year, the company posted $1.22 EPS. Nasdaq’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Nasdaq will post 5.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.49 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, June 11th. Nasdaq’s dividend payout ratio is presently 39.20%.

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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