Nasdaq (NASDAQ:NDAQ) Price Target Raised to $91.00 at Keefe, Bruyette & Woods

Nasdaq (NASDAQ:NDAQ) had its target price increased by Keefe, Bruyette & Woods from $86.00 to $91.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also issued reports on NDAQ. Piper Sandler raised their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Bank of America dropped their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, October 14th. Finally, UBS Group boosted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Nasdaq Stock Up 0.4 %

Shares of NASDAQ NDAQ opened at $77.70 on Friday. The firm’s 50-day moving average is $78.14 and its two-hundred day moving average is $70.65. The company has a market capitalization of $44.66 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq has a 12-month low of $54.90 and a 12-month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.71 EPS. Nasdaq’s revenue was up 21.9% on a year-over-year basis. Equities analysts anticipate that Nasdaq will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. Nasdaq’s payout ratio is currently 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in Nasdaq in the third quarter valued at about $27,000. Y.D. More Investments Ltd grew its position in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $33,000. Focused Wealth Management Inc acquired a new stake in shares of Nasdaq during the 3rd quarter valued at approximately $35,000. Finally, Crewe Advisors LLC raised its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

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.