Nasdaq Inc (NDAQ) is Reiterated by Barclays to Overweight, Raises Price Target to $ 80

Nasdaq Inc (NDAQ) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 80 from a previous price target of $74 . Barclays advised their investors in a research report released on Aug 9, 2016.

Many Wall Street Analysts have commented on Nasdaq Inc. Sterne Agee CRT Initiated Nasdaq Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $76.

On the company’s financial health, Nasdaq Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.88. The company had revenue of $559.00 million for the quarter, compared to analysts expectations of $547.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Nasdaq Inc closed down -0.68 points or -0.96% at $70.5 with 11,22,910 shares getting traded on Monday. Post opening the session at $71.36, the shares hit an intraday low of $70.45 and an intraday high of $71.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Jul 27, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

In a different news, on Aug 8, 2016, Pc Nelson Griggs (Executive Vice President) sold 2,945 shares at $71.52 per share price. According to the SEC, on Jul 15, 2016, Thomas A Wittman (Executive Vice President) sold 24,893 shares at $67.08 per share price. On Jun 15, 2016, Robert Greifeld (CEO) sold 58,511 shares at $65.31 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 Company’s 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.

Nasdaq Inc

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