Nasdaq (NASDAQ:NDAQ) Price Target Raised to $95.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price boosted by stock analysts at UBS Group from $82.00 to $95.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. UBS Group's price objective indicates a potential upside of 4.71% from the company's previous close.

Several other equities research analysts have also commented on NDAQ. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. The Goldman Sachs Group raised their price objective on Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. Raymond James Financial reissued an "outperform" rating and issued a $96.00 target price (up from $84.00) on shares of Nasdaq in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.69.

Nasdaq Trading Up 1.0%

Shares of NDAQ stock traded up $0.90 on Thursday, hitting $90.73. 3,096,945 shares of the company's stock traded hands, compared to its average volume of 3,073,689. 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 company's fifty day simple moving average is $84.32 and its 200 day simple moving average is $79.58. The stock has a market capitalization of $52.09 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 2.28 and a beta of 1.01. Nasdaq has a one year low of $60.77 and a one year high of $90.83.

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

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's 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 trade represents 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 21,613 shares of company stock valued at $1,874,659. Corporate insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Nasdaq

Large investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC raised its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Vestcor Inc lifted its stake in Nasdaq by 1.6% during the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 141 shares during the period. Sax Wealth Advisors LLC grew its position in Nasdaq by 0.5% during the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock worth $2,282,000 after purchasing an additional 144 shares during the period. Laird Norton Wetherby Wealth Management LLC grew 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 during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other 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.

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