Nasdaq (NASDAQ:NDAQ) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of Nasdaq (NASDAQ:NDAQ) from a neutral rating to a buy rating in a report published on Thursday morning, Marketbeat Ratings reports. The firm currently has $91.00 target price on the financial services provider’s stock.

NDAQ has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Piper Sandler boosted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $85.88.

Nasdaq Price Performance

Nasdaq stock opened at $72.18 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market cap of $41.51 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The firm has a 50-day moving average of $75.99 and a two-hundred day moving average of $77.38. Nasdaq has a 1 year low of $58.10 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, research analysts forecast that Nasdaq will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP increased its holdings in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group raised its holdings in shares of Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its holdings in Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock valued at $1,260,000 after purchasing an additional 157 shares during the last quarter. 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.