Nasdaq, Inc. (NASDAQ:NDAQ) Stock Has Average Price Target of $113.53 According to Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Nasdaq, with 14 buy ratings, four holds, one strong buy, and an average 12-month price target of $113.53.
• Nasdaq’s latest quarterly results beat expectations: EPS was $1.04 versus $1.02 estimated, while revenue rose 12.6% year over year to $2.39 billion.
• The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a 1.1% yield.

Shares of Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nineteen ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $113.53.

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $120.00 to $122.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Argus raised their price objective on shares of Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Bank of America decreased their price objective on shares of Nasdaq from $135.00 to $132.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Finally, Jefferies Financial Group restated a "hold" rating on shares of Nasdaq in a research note on Thursday, October 22nd.

Nasdaq Stock Up 1.4%

Shares of NDAQ stock opened at $110.02 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq has a 12 month low of $76.55 and a 12 month high of $111.45. The stock has a market cap of $61.06 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.88 and a beta of 0.95. The company has a 50 day simple moving average of $97.01 and a two-hundred day simple moving average of $91.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts expect that Nasdaq will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, December 4th. Nasdaq's payout ratio is presently 33.88%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley Peterson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $107.75, for a total transaction of $538,750.00. Following the completion of the sale, the executive vice president directly owned 109,306 shares of the company's stock, valued at $11,777,721.50. This trade represents a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tal Cohen sold 2,286 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $109.40, for a total transaction of $250,088.40. Following the sale, the insider owned 200,501 shares in the company, valued at approximately $21,934,809.40. The trade was a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,452 shares of company stock worth $3,366,669. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Nasdaq

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its position in shares of Nasdaq by 93.9% during the 3rd quarter. Private Advisor Group LLC now owns 11,388 shares of the financial services provider's stock valued at $1,048,000 after acquiring an additional 5,516 shares during the last quarter. Hartford Funds Management Co LLC grew its holdings in shares of Nasdaq by 2.6% in the third quarter. Hartford Funds Management Co LLC now owns 14,625 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 370 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Nasdaq by 12.8% in the third quarter. Ieq Capital LLC now owns 146,374 shares of the financial services provider's stock valued at $13,468,000 after purchasing an additional 16,638 shares in the last quarter. Focus Advisor Solutions LLC increased its position in Nasdaq by 83.1% in the third quarter. Focus Advisor Solutions LLC now owns 22,164 shares of the financial services provider's stock worth $2,039,000 after purchasing an additional 10,057 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in Nasdaq by 8.8% in the third quarter. Checchi Capital Advisers LLC now owns 7,007 shares of the financial services provider's stock worth $645,000 after purchasing an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Company Profile

Nasdaq, Inc. is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions. Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.

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