Nasdaq (NASDAQ:NDAQ) Price Target Increased to $68.00 by Analysts at Oppenheimer

Nasdaq (NASDAQ:NDAQFree Report) had its price target lifted by Oppenheimer from $65.00 to $68.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the company. Rosenblatt Securities restated a buy rating and issued a $82.00 target price on shares of Nasdaq in a report on Thursday. StockNews.com upgraded Nasdaq from a sell rating to a hold rating in a research note on Sunday, January 21st. Morgan Stanley upped their target price on shares of Nasdaq from $54.00 to $55.00 and gave the stock an equal weight rating in a research note on Thursday, October 19th. The Goldman Sachs Group reissued a neutral rating and set a $58.00 price target on shares of Nasdaq in a research report on Friday, December 1st. Finally, UBS Group upped their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $62.20.

Read Our Latest Analysis on Nasdaq

Nasdaq Stock Performance

NASDAQ NDAQ opened at $56.65 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $56.57 and a 200 day simple moving average of $52.87. Nasdaq has a 12-month low of $46.88 and a 12-month high of $60.99. The company has a market cap of $32.69 billion, a P/E ratio of 26.85, a PEG ratio of 2.24 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Sell-side analysts predict that Nasdaq will post 2.72 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, March 13th. Nasdaq’s payout ratio is 41.71%.

Institutional Investors Weigh In On Nasdaq

Large investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new position in Nasdaq during the third quarter valued at $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Nasdaq in the 4th quarter worth about $29,000. Carmel Capital Partners LLC purchased a new stake in Nasdaq in the 3rd quarter worth about $32,000. Harbour Investments Inc. lifted its holdings in Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. Finally, Clear Street Markets LLC lifted its holdings in Nasdaq by 93.9% during the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

About Nasdaq

(Get Free Report)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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