Nasdaq, Inc. (NASDAQ:NDAQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Nasdaq, Inc. (NASDAQ:NDAQ) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $85.73.

Several research analysts have recently weighed in on NDAQ shares. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock valued at $2,330,033 in the last 90 days. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NDAQ. Creative Planning raised its position in shares of Nasdaq by 0.7% in the 2nd quarter. Creative Planning now owns 51,442 shares of the financial services provider’s stock valued at $3,100,000 after buying an additional 351 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Nasdaq by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 60,124 shares of the financial services provider’s stock valued at $3,624,000 after buying an additional 3,398 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Nasdaq by 65.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider’s stock worth $170,000 after buying an additional 1,112 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Nasdaq during the 2nd quarter valued at $291,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at about $3,018,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 0.7 %

NASDAQ:NDAQ opened at $81.73 on Thursday. The stock has a market cap of $46.98 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. 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 has a one year low of $54.90 and a one year high of $83.77. The business’s 50-day simple moving average is $79.50 and its 200 day simple moving average is $74.51.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. As a group, sell-side analysts predict that Nasdaq will post 2.81 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. Nasdaq’s payout ratio is 57.49%.

About Nasdaq

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.