Headlines about Nasdaq (NASDAQ:NDAQ) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nasdaq earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.5791786910379 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- BofA/Merrill Lynch Downgrades Nasdaq OMX Group Inc. (NDAQ) to Underperform (streetinsider.com)
- Nasdaq, Inc. breached its 50 day moving average in a Bearish Manner : NDAQ-US : October 9, 2017 (finance.yahoo.com)
- The Rice Business Plan Competition to Ring The Nasdaq Stock Market Closing Bell (finance.yahoo.com)
- Nasdaq, Inc. (NDAQ) Downgraded by Bank of America Corporation (americanbankingnews.com)
- Nasdaq September 2017 Volumes, 3Q17 Estimated Revenue Capture and Listings Statistics (finance.yahoo.com)
Nasdaq (NDAQ) opened at 74.56 on Wednesday. The company has a 50 day moving average price of $75.71 and a 200-day moving average price of $71.89. The firm has a market capitalization of $12.44 billion, a PE ratio of 56.66 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $78.31.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. On average, equities analysts predict that Nasdaq will post $4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
Several analysts have weighed in on the company. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America Corporation downgraded Nasdaq from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $77.00 to $75.00 in a research note on Monday. Royal Bank Of Canada reissued a “hold” rating and issued a $76.00 price objective on shares of Nasdaq in a research note on Monday, September 11th. Barclays PLC assumed coverage on Nasdaq in a research note on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.10.
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In other news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. In the last three months, insiders sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is currently owned by company insiders.
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.
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