Nasdaq (NASDAQ:NDAQ) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
NDAQ has been the topic of several other research reports. Zacks Investment Research raised Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Tuesday. Rosenblatt Securities started coverage on Nasdaq in a research report on Wednesday, September 5th. They set a “neutral” rating and a $99.00 price target on the stock. Compass Point started coverage on Nasdaq in a research report on Friday, June 22nd. They set a “neutral” rating and a $100.00 price target on the stock. BidaskClub downgraded Nasdaq from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, Raymond James increased their price target on Nasdaq from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $93.67.
Shares of NASDAQ NDAQ opened at $85.92 on Thursday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93. Nasdaq has a twelve month low of $71.65 and a twelve month high of $96.84.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $620.25 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts anticipate that Nasdaq will post 4.82 earnings per share for the current fiscal year.
In other news, insider Bradley J. Peterson sold 1,500 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total value of $140,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. Toronto Dominion Bank grew its holdings in Nasdaq by 25.3% during the 1st quarter. Toronto Dominion Bank now owns 62,834 shares of the financial services provider’s stock worth $5,416,000 after acquiring an additional 12,689 shares during the period. New York State Common Retirement Fund grew its holdings in Nasdaq by 0.8% during the 1st quarter. New York State Common Retirement Fund now owns 266,300 shares of the financial services provider’s stock worth $22,960,000 after acquiring an additional 2,000 shares during the period. IBM Retirement Fund acquired a new stake in Nasdaq during the 1st quarter worth about $216,000. Norinchukin Bank The grew its holdings in Nasdaq by 23.5% during the 1st quarter. Norinchukin Bank The now owns 7,207 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 1,373 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Nasdaq by 3.1% during the 1st quarter. California Public Employees Retirement System now owns 309,787 shares of the financial services provider’s stock worth $26,710,000 after acquiring an additional 9,273 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.
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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