Nasdaq, Inc. (NASDAQ:NDAQ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $96.63.

NDAQ has been the topic of several recent analyst reports. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday. Raymond James Financial reaffirmed an "outperform" rating and issued a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Piper Sandler reiterated an "overweight" rating and issued a $97.00 price objective (up previously from $83.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research report on Friday.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider directly owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,613 shares of company stock valued at $1,874,659. Company insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its position in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock worth $25,000 after buying an additional 120 shares during the period. Vestcor Inc raised its holdings in Nasdaq by 1.6% during the first quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after acquiring an additional 141 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in Nasdaq by 0.5% during the first quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock worth $2,282,000 after acquiring an additional 144 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in Nasdaq by 1.0% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after acquiring an additional 157 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after acquiring an additional 164 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded up $1.34 during trading on Thursday, hitting $94.84. 5,276,392 shares of the stock were exchanged, compared to its average volume of 3,344,174. Nasdaq has a 1-year low of $64.33 and a 1-year high of $95.49. The company has a market capitalization of $54.45 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. The company's fifty day simple moving average is $86.62 and its 200-day simple moving average is $80.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. Nasdaq's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Sell-side analysts expect that Nasdaq will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.14%. Nasdaq's payout ratio is 49.09%.

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.