Nasdaq (NASDAQ:NDAQ) Given New $101.00 Price Target at Barclays

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price objective increased by stock analysts at Barclays from $84.00 to $101.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Barclays's target price points to a potential upside of 11.32% from the stock's current price.

Several other research firms have also issued reports on NDAQ. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research report on Thursday, April 17th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research report on Tuesday, April 8th. Raymond James Financial reaffirmed an "outperform" rating and issued a $96.00 target price (up from $84.00) on shares of Nasdaq in a research report on Wednesday. Finally, Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.69.

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.90 on Thursday, hitting $90.73. 3,096,945 shares of the stock traded hands, compared to its average volume of 3,079,458. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $52.09 billion, a PE ratio of 41.24, a PEG ratio of 2.31 and a beta of 1.01. Nasdaq has a 1-year low of $62.00 and a 1-year high of $90.83. The company's fifty day moving average is $84.62 and its 200 day moving average is $79.67.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating 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 return on equity of 15.38% and a net margin of 16.36%. The business's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, equities research analysts predict that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the transaction, the executive vice president directly owned 94,656 shares of the company's stock, valued at $8,440,475.52. This represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Over 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 Inflows and Outflows

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock valued at $3,274,000 after buying an additional 3,096 shares in the last quarter. USA Financial Formulas lifted its holdings in shares of Nasdaq by 61.1% during the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after purchasing an additional 6,764 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after purchasing an additional 27,622 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after purchasing an additional 54,535 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Nasdaq during the fourth quarter valued at $48,749,000. Institutional investors own 72.47% of the company's stock.

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.