Barclays Raises Nasdaq (NASDAQ:NDAQ) Price Target to $87.00

Nasdaq (NASDAQ:NDAQ) had its target price lifted by research analysts at Barclays from $84.00 to $87.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 16.81% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Morgan Stanley upped their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Friday. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. TD Cowen started coverage on shares of Nasdaq in a research report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price objective on the stock. Finally, Bank of America lowered their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Nasdaq Stock Down 1.0 %

Shares of NASDAQ:NDAQ traded down $0.76 during midday trading on Friday, hitting $74.48. 1,088,984 shares of the company’s stock were exchanged, compared to its average volume of 2,891,410. The company has a market cap of $42.90 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 3.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq has a 12 month low of $47.56 and a 12 month high of $75.60. The stock has a 50 day moving average price of $72.46 and a 200-day moving average price of $65.60.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, sell-side analysts anticipate that Nasdaq will post 2.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Nasdaq

A number of hedge funds have recently made changes to their positions in NDAQ. First Pacific Financial boosted its position in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares during the period. Signaturefd LLC raised its stake in Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the period. Smithfield Trust Co grew its holdings in Nasdaq by 22.0% during the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after buying an additional 173 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Nasdaq by 5.4% during the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after buying an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Nasdaq by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 200 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

About Nasdaq

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.