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

Shares of Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $97.0625.

A number of equities analysts have recently issued reports on NDAQ shares. Morgan Stanley increased their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Royal Bank Of Canada upped their price target on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Piper Sandler increased their target price on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th.

Nasdaq Stock Performance

NDAQ stock traded down $0.2450 on Monday, reaching $94.2550. 658,916 shares of the company were exchanged, compared to its average volume of 3,292,606. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $54.08 billion, a PE ratio of 36.23, a PEG ratio of 2.06 and a beta of 1.00. The stock's fifty day moving average price is $91.31 and its 200 day moving average price is $82.62. Nasdaq has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. On average, research analysts anticipate that Nasdaq will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,409 shares of company stock valued at $2,887,839. Insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Nasdaq

Several institutional investors have recently modified their holdings of NDAQ. North Dallas Bank & Trust Co. acquired a new position in Nasdaq in the second quarter valued at about $205,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Nasdaq during the 2nd quarter valued at about $380,000. Advisory Services Network LLC grew its position in shares of Nasdaq by 44.9% in the 2nd quarter. Advisory Services Network LLC now owns 8,452 shares of the financial services provider's stock valued at $813,000 after purchasing an additional 2,620 shares during the period. Hudson Bay Capital Management LP increased its stake in Nasdaq by 345.9% during the 2nd quarter. Hudson Bay Capital Management LP now owns 637,121 shares of the financial services provider's stock worth $56,971,000 after purchasing an additional 494,229 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Nasdaq during the 2nd quarter worth approximately $288,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.