Nasdaq (NDAQ) Hits New 1-Year High and Low at $87.03

Nasdaq Inc (NASDAQ:NDAQ) shares reached a new 52-week high and low on Thursday . The company traded as low as $87.03 and last traded at $86.62, with a volume of 828663 shares trading hands. The stock had previously closed at $85.75.

A number of research analysts have recently weighed in on the stock. UBS reissued a “buy” rating and set a $100.00 target price (up from $97.00) on shares of Nasdaq in a research report on Tuesday, March 6th. ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Raymond James Financial upped their price target on shares of Nasdaq from $87.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $87.04.

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The company has a market cap of $14,282.49, a P/E ratio of 21.17, a P/E/G ratio of 1.87 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The business had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. analysts forecast that Nasdaq Inc will post 4.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Thursday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 2.05%. Nasdaq’s dividend payout ratio is currently 37.44%.

Nasdaq announced that its board has initiated a stock buyback program on Monday, January 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Nasdaq news, insider Edward S. Knight sold 13,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $79.41, for a total value of $1,048,212.00. Following the sale, the insider now directly owns 73,569 shares in the company, valued at approximately $5,842,114.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lars Ottersgard sold 6,451 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $80.75, for a total transaction of $520,918.25. The disclosure for this sale can be found here. Insiders sold a total of 23,668 shares of company stock worth $1,895,994 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Delpha Capital Management LLC purchased a new stake in Nasdaq in the 4th quarter worth approximately $103,000. Delta Asset Management LLC TN lifted its stake in Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Nasdaq in the 4th quarter worth approximately $122,000. Cerebellum GP LLC purchased a new stake in Nasdaq in the 4th quarter worth approximately $125,000. Finally, AlphaOne Investment Services LLC purchased a new stake in Nasdaq in the 4th quarter worth approximately $154,000. Institutional investors and hedge funds own 76.46% of the company’s stock.

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About Nasdaq

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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