Barclays Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $86.00

Nasdaq (NASDAQ:NDAQ) had its price objective cut by Barclays from $87.00 to $86.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. UBS Group boosted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research note on Tuesday, April 8th. Piper Sandler raised their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.56.

Nasdaq Price Performance

Nasdaq stock opened at $72.78 on Monday. The firm has a market capitalization of $41.86 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq has a 12-month low of $58.10 and a 12-month high of $84.15. The firm has a 50-day moving average price of $76.60 and a 200-day moving average price of $77.46. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

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

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Nasdaq in the 3rd quarter valued at $208,000. MML Investors Services LLC boosted its position in Nasdaq by 34.4% in the 3rd quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 1,494 shares in the last quarter. Barclays PLC increased its holdings in shares of Nasdaq by 48.9% during the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after purchasing an additional 500,418 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at $209,000. Finally, Anchor Investment Management LLC grew its position in Nasdaq by 109.9% during the third quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider’s stock valued at $230,000 after buying an additional 1,648 shares during the period. 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.