Royal Bank Of Canada Reaffirms “Hold” Rating for Nasdaq, Inc. (NDAQ)

Royal Bank Of Canada reiterated their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a report released on Monday. The brokerage currently has a $76.00 price objective on the financial services provider’s stock.

Several other research firms have also issued reports on NDAQ. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the stock a hold rating in a report on Thursday, August 17th. Deutsche Bank AG reaffirmed a buy rating and issued a $77.00 price target (down from $79.00) on shares of Nasdaq in a report on Monday, May 15th. Barclays PLC initiated coverage on shares of Nasdaq in a report on Friday, September 8th. They issued an overweight rating and a $85.00 price target on the stock. BidaskClub lowered shares of Nasdaq from a hold rating to a sell rating in a report on Friday, June 23rd. Finally, Citigroup Inc. initiated coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a neutral rating and a $72.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $76.10.

Nasdaq (NASDAQ:NDAQ) opened at 74.69 on Monday. Nasdaq has a 52-week low of $63.30 and a 52-week high of $77.75. The company has a 50-day moving average price of $75.22 and a 200 day moving average price of $71.15. The company has a market capitalization of $12.46 billion, a PE ratio of 56.76 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. During the same period in the previous year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Nasdaq will post $4.17 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. Nasdaq’s payout ratio is currently 118.75%.

In other news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 over the last quarter. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Partners LLC acquired a new position in Nasdaq during the second quarter valued at $214,000. Nikko Asset Management Americas Inc. lifted its position in Nasdaq by 1,325.8% during the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock valued at $9,072,000 after purchasing an additional 118,000 shares during the period. Commerce Bank lifted its position in Nasdaq by 1.9% during the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock valued at $20,292,000 after purchasing an additional 5,401 shares during the period. Summit Securities Group LLC acquired a new position in Nasdaq during the second quarter valued at $645,000. Finally, GAM Holding AG lifted its position in Nasdaq by 0.7% during the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock valued at $2,056,000 after purchasing an additional 200 shares during the period. Institutional investors own 74.31% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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