Rosenblatt Securities reiterated their buy rating on shares of Nasdaq (NASDAQ:NDAQ – Free Report) in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a $82.00 price target on the financial services provider’s stock.
Other research analysts have also issued research reports about the stock. UBS Group increased their target price 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. Citigroup raised their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a neutral rating in a research note on Friday, January 12th. The Goldman Sachs Group reiterated a neutral rating and set a $58.00 target price on shares of Nasdaq in a research report on Friday, December 1st. Morgan Stanley raised their price target on Nasdaq from $54.00 to $55.00 and gave the stock an equal weight rating in a research report on Thursday, October 19th. Finally, Oppenheimer reaffirmed an outperform rating and set a $65.00 price objective on shares of Nasdaq in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $62.20.
Nasdaq Stock Performance
Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. Research analysts anticipate that Nasdaq will post 2.72 earnings per share for the current year.
Nasdaq Announces Dividend
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 dividend of $0.22 per share. The ex-dividend date is Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.55%. Nasdaq’s payout ratio is presently 41.71%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Cresset Asset Management LLC grew its position in Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Nasdaq by 8.3% during the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 86 shares during the last quarter. Brinker Capital Investments LLC increased its stake in shares of Nasdaq by 0.4% in the first quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock valued at $5,247,000 after buying an additional 106 shares during the period. Advisors Asset Management Inc. raised its holdings in Nasdaq by 1.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after buying an additional 130 shares during the period. 72.47% of the stock is currently owned by institutional investors.
Nasdaq Company Profile
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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