Barclays Cuts Nasdaq (NASDAQ:NDAQ) Price Target to $87.00

Nasdaq (NASDAQ:NDAQ) had its price target decreased by equities researchers at Barclays from $95.00 to $87.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 27.01% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Raymond James upped their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.44.

Nasdaq Stock Up 0.4 %

Shares of NASDAQ NDAQ traded up $0.25 during trading hours on Monday, hitting $68.50. 1,650,093 shares of the stock were exchanged, compared to its average volume of 2,775,587. The company has a market cap of $39.40 billion, a PE ratio of 35.95, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq has a 12 month low of $58.10 and a 12 month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average price of $78.53 and a 200-day moving average price of $77.69.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts expect that Nasdaq will post 3.18 EPS for the current year.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NDAQ. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Nasdaq by 11.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,738 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 608 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Nasdaq by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 638,867 shares of the financial services provider’s stock worth $49,391,000 after acquiring an additional 9,178 shares during the last quarter. 111 Capital acquired a new stake in shares of Nasdaq in the 4th quarter worth $971,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nasdaq by 59.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,075 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of Nasdaq by 70.9% in the fourth quarter. Centaurus Financial Inc. now owns 6,028 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 2,500 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

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.