Nasdaq (NASDAQ:NDAQ) Given New $113.00 Price Target at JPMorgan Chase & Co.

Nasdaq (NASDAQ:NDAQ) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $111.00 to $113.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.77% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Thursday, October 9th. Raymond James Financial restated an “outperform” rating and issued a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Barclays set a $115.00 target price on Nasdaq and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $111.00 price target (up previously from $110.00) on shares of Nasdaq in a report on Monday, December 22nd. Finally, Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.00.

Nasdaq Stock Up 1.1%

Shares of NDAQ stock traded up $1.09 during trading hours on Monday, hitting $99.33. 985,260 shares of the company were exchanged, compared to its average volume of 3,255,564. Nasdaq has a 52 week low of $64.84 and a 52 week high of $101.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $92.08 and a two-hundred day moving average of $91.65. The company has a market capitalization of $56.71 billion, a PE ratio of 35.49, a PEG ratio of 1.58 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.74 EPS. Nasdaq’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts anticipate that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. This represents a 13.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 306,605 shares of company stock worth $29,546,812 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Nasdaq by 3.8% in the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 538 shares during the last quarter. Woodline Partners LP lifted its holdings in Nasdaq by 40.7% in the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 10,110 shares during the period. Focus Partners Wealth boosted its position in Nasdaq by 22.0% during the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares during the period. Finally, Voya Investment Management LLC raised its position in shares of Nasdaq by 0.8% in the 1st quarter. Voya Investment Management LLC now owns 222,608 shares of the financial services provider’s stock worth $16,887,000 after acquiring an additional 1,753 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.