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.
TRADEMARK VIOLATION WARNING: “Nasdaq, Inc. (NDAQ) Given a $74.00 Price Target by Royal Bank Of Canada Analysts” was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://transcriptdaily.com/2017/07/19/nasdaq-inc-ndaq-given-a-74-00-price-target-by-royal-bank-of-canada-analysts.html.
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.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.