Nasdaq, Inc. (NDAQ) Given a $74.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $74.00 target price on Nasdaq, Inc. (NASDAQ:NDAQ) in a research note issued to investors on Monday morning. The firm currently has a hold rating on the financial services provider’s stock.

Several other analysts have also issued reports on NDAQ. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a research report on Tuesday, April 4th. Jefferies Group LLC reissued a hold rating and issued a $68.00 price target on shares of Nasdaq in a research report on Monday, April 10th. Deutsche Bank AG lowered their price target on shares of Nasdaq from $80.00 to $79.00 and set a buy rating on the stock in a research report on Friday, April 28th. Evercore ISI reissued an in-line rating and issued a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Finally, UBS Group AG reaffirmed a buy rating and set a $81.00 target price (down previously from $85.00) on shares of Nasdaq in a report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $74.00.

Shares of Nasdaq (NDAQ) traded up 0.29% on Monday, hitting $71.70. 562,159 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $69.05 and its 200 day moving average is $69.14. Nasdaq has a 12 month low of $63.30 and a 12 month high of $72.52. The firm has a market cap of $11.84 billion, a P/E ratio of 83.57 and a beta of 0.75.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The company had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Nasdaq will post $4.11 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s payout ratio is currently 183.13%.

In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 15 shares in the last quarter. Palo Capital Inc. boosted its position in Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after buying an additional 45 shares in the last quarter. Pacer Advisors Inc. boosted its position in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Profund Advisors LLC boosted its position in Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after buying an additional 91 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in Nasdaq by 0.5% in the first quarter. Utah Retirement Systems now owns 20,518 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 100 shares in the last quarter. 74.67% of the stock is owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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