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Nasdaq (NASDAQ:NDAQ) Reaches New 12-Month High - Should You Buy?

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Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $90.67 and last traded at $90.51, with a volume of 167387 shares traded. The stock had previously closed at $90.07.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NDAQ. Piper Sandler upped their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Bank of America boosted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Barclays decreased their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a research report on Thursday, April 17th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $96.00 price objective (up from $84.00) on shares of Nasdaq in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.81.

Get Our Latest Report on Nasdaq

Nasdaq Stock Performance

The company has a market capitalization of $51.57 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The stock's fifty day simple moving average is $84.32 and its 200-day simple moving average is $79.58.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider directly owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,613 shares of company stock valued at $1,874,659. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Nasdaq

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Nasdaq by 0.8% in the first quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock valued at $4,019,037,000 after acquiring an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Nasdaq by 5.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock valued at $1,550,115,000 after acquiring an additional 993,553 shares in the last quarter. Geode Capital Management LLC grew its position in Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after acquiring an additional 257,465 shares in the last quarter. Franklin Resources Inc. grew its position in Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after acquiring an additional 1,225,672 shares in the last quarter. Finally, Harris Associates L P grew its position in Nasdaq by 1.2% in the first quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider's stock valued at $659,487,000 after acquiring an additional 101,983 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Company Profile

(Get Free Report)

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.

Further Reading

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