The Vanguard Group, Inc. recently announced the acquisition of new stake in Nasdaq Inc. (NASDAQ:NDAQ). The institutional investor has increased its shareholding in the Financial company by 10.55% to 41.31 million shares with purchase of 3.94 million shares. This fresh investment now brings its stake to 8.45% valued currently at $2.29 billion. In addition, Massachusetts Financial Services raised its holdings by 0.14 million to 34.28 million shares. And Geode Capital Management LLC has lifted its position by 2.16% or 0.16 million shares – to 7.61 million shares.
With over 1.68 million Nasdaq Inc. (NDAQ) shares trading Friday and a closing price of $55.32 on the day, the dollar volume was approximately $92.82 million. The shares have shown a negative half year performance of -15.36% and its price on 05/19/23 gained nearly 0.18%. Currently, there are 489.93M common shares owned by the public and among those 340.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for NDAQ have a consensus price objective of $61.88. The analysts have set the share’s price value over the next 12 months at a high of $82.00 and a low of $53.00. The average price target is 12.33% above its recent price level and a downside to the estimated low will see the stock lose -4.38% over that period. But an upside of 32.54% will see the stock hit the forecast high price target while median target price for the stock is $60.50.
Insiders at the company have transacted a total of 81 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 1,100,969 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 612,474 shares.
The top 3 mutual fund holders in Nasdaq Inc. are MFS Value Fund, Vanguard Total Stock Market ETF, and Vanguard Mid Cap Index Fund. MFS Value Fund owns 16.29 million shares of the company’s stock, all valued at over $902.1 million. The company sold -0.12 million shares recently to bring their total holdings to about 3.33% of the shares outstanding. Vanguard Total Stock Market ETF bought 50386.0 shares to see its total holdings expand to 12.14 million shares valued at over $671.92 million and representing 2.48% of the shares outstanding. Vanguard Mid Cap Index Fund sold 37126.0 shares to bring its total holdings to over 9.14 million shares at a value of $505.94 million. Vanguard Mid Cap Index Fund now owns shares totaling to 1.87% of the shares outstanding.
Shares of Nasdaq Inc. (NASDAQ: NDAQ) opened at $55.35, up $0.13 from a prior closing price of $55.22. However, the script later moved the day high at 55.67, up 0.18%. The company’s stock has a 5-day price change of 0.33% and -5.53% over the past three months. NDAQ shares are trading -9.83% year to date (YTD), with the 12-month market performance up to 16.80% higher. It has a 12-month low price of $46.77 and touched a high of $69.22 over the same period. NDAQ has an average intraday trading volume of 2.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.62%, 1.63%, and -6.87% respectively.
Institutional ownership of Nasdaq Inc. (NASDAQ: NDAQ) shares accounts for 77.70% of the company’s 489.93M shares outstanding. Mutual fund holders own 24.02%, while other institutional holders and individual stakeholders account for 42.00% and 12.13% respectively.
It has a market capitalization of $27.10B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 23.99, while the earnings-per-share (ttm) stands at $2.31. The company has a PEG of 5.48 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.33% over the week and 1.56% over the month.
Analysts forecast that Nasdaq Inc. (NDAQ) will achieve an EPS of $0.66 for the current quarter, $0.68 for the next quarter and $2.9 for 2024. The lowest estimate earnings-per-share for the quarter is $0.63 while analysts give the company a high EPS estimate of $0.71. Comparatively, EPS for the current quarter was $0.69 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.80%, and 6.73% over the next financial year. EPS should shrink at an annualized rate of 4.38% over the next five years, compared to 12.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Nasdaq Inc. (NDAQ) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 10 of the 19 advise that investors “hold,” and 1 rated it as a “Sell.”
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