Nasdaq (NASDAQ:NDAQ) PT Raised to $84.00 at Barclays

Nasdaq (NASDAQ:NDAQGet Free Report) had its price target upped by research analysts at Barclays from $77.00 to $84.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 16.36% from the stock’s previous close.

A number of other brokerages also recently weighed in on NDAQ. Oppenheimer boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada started coverage on shares of Nasdaq in a research note on Friday, September 27th. They issued an “outperform” rating and a $88.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.73.

Check Out Our Latest Stock Report on Nasdaq

Nasdaq Trading Up 1.9 %

Shares of NDAQ stock opened at $72.19 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 3.04 and a beta of 0.95. Nasdaq has a 52-week low of $47.56 and a 52-week high of $74.88. The company has a 50-day simple moving average of $71.04 and a two-hundred day simple moving average of $64.68.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Research analysts anticipate that Nasdaq will post 2.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Large investors have recently modified their holdings of the company. Wedmont Private Capital bought a new position in shares of Nasdaq during the third quarter valued at about $259,000. Peddock Capital Advisors LLC bought a new stake in shares of Nasdaq in the third quarter worth about $207,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Nasdaq in the third quarter worth about $213,000. GAMMA Investing LLC increased its holdings in Nasdaq by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 13,197 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 1,499 shares during the period. Finally, Czech National Bank raised its position in Nasdaq by 16.3% during the 3rd quarter. Czech National Bank now owns 84,298 shares of the financial services provider’s stock valued at $6,155,000 after purchasing an additional 11,788 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

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: 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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