Nasdaq Inc (NDAQ) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 75 from a previous price target of $74 . UBS advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Nasdaq Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $69 .Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 70 from a previous price target of $71 .Company shares were Reiterated by UBS on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 74 from a previous price target of $66 .
On the company’s financial health, Nasdaq Inc reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.88. The company had revenue of $536.00 million for the quarter, compared to analysts expectations of $528.94 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Nasdaq Inc opened for trading at $64.17 and hit $64.7 on the upside on Monday, eventually ending the session at $64.28, with a gain of 0.99% or 0.63 points. The heightened volatility saw the trading volume jump to 10,37,552 shares. Company has a market cap of $10,535 M.
Investors should note that on Mar 31, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.
In a different news, on Feb 4, 2016, Pc Nelson Griggs (Executive Vice President) sold 1,893 shares at $62.18 per share price. According to the SEC, on Feb 3, 2016, Hans-ole Jochumsen (President) sold 35,000 shares at $61.44 per share price. On Jan 6, 2016, Lee Shavel (Executive Vice President) sold 10,231 shares at $56.83 per share price, according to the Form-4 filing with the securities and exchange commission.
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 six continents. The Company manages operates and provides its products and services in four segments: Market Services Listing Services Information Services and Technology Solutions. The Companys Market Services segment includes its equity derivative trading and clearing cash equity trading fixed income currency and commodities trading and clearing and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.