Nasdaq (NASDAQ:NDAQ) Given “Outperform” Rating at Royal Bank of Canada

Nasdaq (NASDAQ:NDAQ)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $88.00 target price on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 9.89% from the stock’s previous close.

A number of other research analysts have also recently weighed in on NDAQ. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Argus raised their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. 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. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Trading Down 0.1 %

Shares of Nasdaq stock opened at $80.08 on Tuesday. The company has a market capitalization of $46.03 billion, a P/E ratio of 47.95, a P/E/G ratio of 3.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day moving average price of $74.78 and a 200 day moving average price of $67.82. Nasdaq has a 1 year low of $53.62 and a 1 year high of $81.08.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 14.56% and a net margin of 13.67%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Sell-side analysts anticipate that Nasdaq will post 2.78 EPS for the current fiscal year.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NDAQ. Virtu Financial LLC acquired a new stake in shares of Nasdaq in the third quarter valued at about $209,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Nasdaq by 344.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 127,693 shares of the financial services provider’s stock valued at $9,323,000 after purchasing an additional 98,973 shares in the last quarter. Toronto Dominion Bank lifted its position in Nasdaq by 39.0% in the third quarter. Toronto Dominion Bank now owns 207,322 shares of the financial services provider’s stock worth $15,137,000 after purchasing an additional 58,213 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Nasdaq by 17.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,396 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after purchasing an additional 932,665 shares during the period. Institutional investors own 72.47% of the company’s stock.

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.