2 weeks Ago By ABMN Staff
Royal Bank of Canada assumed coverage on shares of Nasdaq ( NASDAQ:NDAQ – Free Report ) in a report published on Friday, Marketbeat.com reports. The brokerage issued an outperform rating and a $88.
00 price target on the financial services provider’s stock. Other equities analysts have also issued research reports about the company. Oppenheimer raised their price objective on Nasdaq from $78.
00 to $80.00 and gave the company an outperform rating in a research report on Monday, September 9th. Barclays raised their price objective on Nasdaq from $74.
00 to $77.00 and gave the company an overweight rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $66.
00 to $72.00 and gave the company a hold rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $76.
00 to $78.00 and gave the company an outperform rating in a report on Friday, July 26th. Finally, Bank of America upgraded Nasdaq from an underperform rating to a buy rating and raised their price target for the company from $53.
00 to $90.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock.
According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $73.87.
Get Our Latest Analysis on Nasdaq Nasdaq Stock Performance Nasdaq ( NASDAQ:NDAQ – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.
64 by $0.05. The company had revenue of $1.
16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.
45% and a net margin of 14.43%. The firm’s revenue was up 25.
3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.
As a group, research analysts expect that Nasdaq will post 2.75 earnings per share for the current year. Nasdaq Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th.
Investors of record on Friday, September 13th were issued a $0.24 dividend. The ex-dividend date was Friday, September 13th.
This represents a $0.96 dividend on an annualized basis and a yield of 1.32%.
Nasdaq’s dividend payout ratio is presently 50.53%. Insider Buying and Selling In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th.
The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06.
Following the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
0.70% of the stock is owned by insiders. Institutional Trading of Nasdaq Hedge funds have recently modified their holdings of the company.
Y.D. More Investments Ltd raised its holdings in shares of Nasdaq by 94.
8% during the 2nd quarter. Y.D.
More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Nasdaq by 89.
3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter.
Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the 2nd quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in shares of Nasdaq during the 1st quarter worth approximately $31,000. Finally, Crewe Advisors LLC raised its holdings in shares of Nasdaq by 164.
4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. 72.
47% of the stock is owned by hedge funds and other institutional investors. 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. Read More Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter .
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