Nasdaq, Inc. (NASDAQ:NDAQ) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Nasdaq, Inc. has received a consensus rating of "Moderate Buy" from seventeen brokerages, with fourteen analysts recommending buying the stock.
• The average 12-month price target for Nasdaq shares stands at $97.06, with several analysts recently raising their price targets, including Barclays which increased it to $109.00.
• Nasdaq recently declared a quarterly dividend of $0.27, representing an annualized dividend yield of 1.1% and a payout ratio of 41.54%.

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $97.0625.

NDAQ has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Barclays upped their price target on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, July 25th.

Nasdaq Trading Up 1.3%

Nasdaq stock opened at $95.88 on Friday. The stock has a market cap of $55.01 billion, a PE ratio of 36.88, a P/E/G ratio of 2.07 and a beta of 1.02. The stock has a 50-day moving average price of $93.52 and a 200 day moving average price of $84.06. Nasdaq has a 52 week low of $64.84 and a 52 week high of $97.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq's dividend payout ratio is presently 41.54%.

Insider Activity

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares of the company's stock, valued at $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the company's 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 sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at approximately $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. Insiders sold a total of 24,409 shares of company stock worth $2,223,599 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of NDAQ. Captrust Financial Advisors lifted its holdings in shares of Nasdaq by 19.0% during the fourth quarter. Captrust Financial Advisors now owns 15,571 shares of the financial services provider's stock valued at $1,204,000 after purchasing an additional 2,481 shares during the last quarter. Cetera Investment Advisers lifted its stake in Nasdaq by 11.7% in the 4th quarter. Cetera Investment Advisers now owns 27,221 shares of the financial services provider's stock worth $2,104,000 after acquiring an additional 2,844 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Nasdaq by 25.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 15,042 shares of the financial services provider's stock worth $1,163,000 after acquiring an additional 3,043 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Nasdaq by 8.0% in the 4th quarter. Nuveen Asset Management LLC now owns 3,086,173 shares of the financial services provider's stock worth $238,592,000 after acquiring an additional 228,816 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in Nasdaq in the 4th quarter worth about $432,000. 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.

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