Nasdaq's (NDAQ) Hold Rating Reiterated at Jefferies Group LLC

Xavier Trudeau
Août 13, 2017

(NASDAQ:NDAQ) by 0.2% during the second quarter, according to its most recent filing with the SEC. Teachers Advisors LLC now owns 172,949 shares of the financial services provider's stock worth $11,608,000 after buying an additional 11,768 shares during the period. Capstone Asset Management Co.'s holdings in Nasdaq were worth $804,000 at the end of the most recent quarter.

The following firms have also recently changed their position in NDAQ. Tompkins Financial Corp purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $143,000. Teachers Advisors LLC raised its stake in shares of Nasdaq by 7.3% in the fourth quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider's stock worth $662,992,000 after buying an additional 9,303,493 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Nasdaq during the fourth quarter valued at about $478,000. Aviance Capital Partners LLC increased its position in Nasdaq by 23.4% in the second quarter.

Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $76.79. (NASDAQ NDAQ) opened at 75.50 on Friday. 673,643 shares of the company traded hands. The stock has a market capitalization of $12.59 billion, a P/E ratio of 57.37 and a beta of 0.76. The stock's 50-day moving average is $72.81 and its 200 day moving average is $70.29.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. In the last earnings report the EPS was $1.31 and is expected to be $4.18 for the current year with 165,399,000 shares presently outstanding. The firm had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. Nasdaq's dividend payout ratio (DPR) is now 183.13%. Zacks Investment Research lowered shares of Nasdaq from a hold rating to a sell rating in a research note on Tuesday, April 4th.

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Media coverage about Nasdaq (NASDAQ:NDAQ) has trended somewhat positive recently, Accern Sentiment reports. BidaskClub upgraded shares of Nasdaq from a sell rating to a hold rating in a research report on Thursday, June 29th. Finally, UBS AG restated a "buy" rating and set a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. Royal Bank Of Canada raised their price target on shares of Nasdaq from $70.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, April 27th. Jefferies Group LLC reissued a "hold" rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Nasdaq has an average rating of Buy and a consensus price target of $75.22.

In other news, insider Edward S. Knight sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares of the company's stock, valued at $5,807,106.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Private Trust Co. NA now owns 8,533 shares of the financial services provider's stock valued at $592,000 after buying an additional 325 shares in the last quarter. Company insiders own 1.60% of the company's stock.

Jefferies Group LLC reissued their hold rating on shares of Nasdaq, Inc.

Nasdaq, Inc. (Nasdaq), launched on November 13, 1979, is a holding company.

NDAQ has been the topic of several other reports. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services.

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