Raymond James Increases Nasdaq (NASDAQ:NDAQ) Price Target to $84.00

Nasdaq (NASDAQ:NDAQ) had its price objective boosted by Raymond James from $83.00 to $84.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

NDAQ has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. UBS Group boosted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $84.20.

Nasdaq Trading Up 2.2 %

Shares of NASDAQ:NDAQ opened at $78.02 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $79.23 and its 200 day moving average price is $72.60. The company has a market cap of $44.84 billion, a PE ratio of 46.72, a P/E/G ratio of 3.12 and a beta of 0.98. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the third quarter worth $27,000. Y.D. More Investments Ltd increased its position in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth about $33,000. Focused Wealth Management Inc acquired a new stake in shares of Nasdaq during the 3rd quarter valued at about $35,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Company Profile

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.