Published On: Fri, Sep 9th, 2016

Deutsche Bank AG Raises Nasdaq Inc. (NDAQ) Price Target to $77.00

Nasdaq Inc. (NASDAQ:NDAQ) had its price target upped by stock analysts at Deutsche Bank AG from $76.00 to $77.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 9.67% from the company’s current price.
Several other research analysts have also commented on NDAQ. Sterne Agee CRT assumed coverage on Nasdaq in a research report on Thursday, May 19th. They issued a “buy” rating and a $76.00 price objective on the stock. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Barclays PLC set a $79.00 price objective on Nasdaq and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group AG reaffirmed a “buy” rating and set a $68.00 target price on shares of Nasdaq in a research report on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Nasdaq from $70.00 to $74.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Nasdaq has a consensus rating of “Hold” and an average price target of $69.67.
Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.966% during mid-day trading on Friday, hitting $69.532. The company had a trading volume of 91,480 shares. Nasdaq has a 52-week low of $49.89 and a 52-week high of $71.88. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 24.076 and a beta of 0.77. The stock’s 50-day moving average is $70.34 and its 200-day moving average is $65.94.

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Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. During the same period last year, the business earned $0.83 earnings per share. The company earned $559 million during the quarter, compared to analysts’ expectations of $548 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts forecast that Nasdaq will post $3.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.82%. Nasdaq’s payout ratio is currently 44.44%.
In other news, CEO Robert Greifeld sold 58,511 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $65.36, for a total transaction of $3,824,278.96. Following the completion of the transaction, the chief executive officer now directly owns 1,024,704 shares in the company, valued at $66,974,653.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total value of $210,626.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several institutional investors have modified their holdings of NDAQ. Aperio Group LLC boosted its stake in shares of Nasdaq by 8.2% in the first quarter. Aperio Group LLC now owns 133,036 shares of the company’s stock valued at $8,831,000 after buying an additional 10,110 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Nasdaq by 2.5% in the first quarter. Geode Capital Management LLC now owns 1,012,957 shares of the company’s stock valued at $67,112,000 after buying an additional 24,896 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Nasdaq by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 279,276 shares of the company’s stock valued at $18,538,000 after buying an additional 11,946 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $581,000. Finally, CIBC World Markets Inc. boosted its stake in shares of Nasdaq by 232.3% in the first quarter. CIBC World Markets Inc. now owns 23,639 shares of the company’s stock valued at $1,569,000 after buying an additional 16,525 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.
About Nasdaq
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.

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