Nasdaq (NASDAQ:NDAQ) PT Raised to $92.00 at Morgan Stanley

Nasdaq (NASDAQ:NDAQ) had its price target raised by equities researchers at Morgan Stanley from $85.00 to $92.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 22.81% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. UBS Group lifted their price target on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. 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 report on Thursday, August 15th. Finally, Oppenheimer raised their price objective on shares of Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.06.

Nasdaq Stock Performance

Shares of NDAQ opened at $74.91 on Thursday. The company has a market capitalization of $43.09 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. Nasdaq has a 52-week low of $47.56 and a 52-week high of $74.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $72.02 and a 200 day moving average price of $65.24.

Nasdaq (NASDAQ:NDAQ) last issued 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. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Research analysts predict that Nasdaq will post 2.75 EPS for the current fiscal year.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. First Pacific Financial increased its holdings in shares of Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares in the last quarter. Smithfield Trust Co increased its holdings in Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after buying an additional 173 shares in the last quarter. Greenleaf Trust lifted its position in shares of Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 183 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 197 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

About Nasdaq

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.