What’s Nasdaq, Inc. (NDAQ) Upside After Reaching 52-Week High?

June 14, 2018 - By Vivian Park

Nasdaq, Inc. (NASDAQ:NDAQ) Logo

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.13, from 1.22 in 2017Q4. It dived, as 37 investors sold Nasdaq, Inc. shares while 135 reduced holdings. 56 funds opened positions while 131 raised stakes. 118.48 million shares or 1.22% less from 119.93 million shares in 2017Q4 were reported.
Manchester Mgmt Limited Liability Corporation has 0.02% invested in Nasdaq, Inc. (NASDAQ:NDAQ). 309,787 are owned by California Pub Employees Retirement Sys. Kornitzer Capital Mgmt Ks accumulated 399,189 shares. Ascend Capital Ltd Liability Corporation has invested 0.66% in Nasdaq, Inc. (NASDAQ:NDAQ). Bb&T Secs Ltd Liability reported 0.12% of its portfolio in Nasdaq, Inc. (NASDAQ:NDAQ). Geode Cap Mgmt Lc has 0.04% invested in Nasdaq, Inc. (NASDAQ:NDAQ) for 1.40 million shares. Aperio Grp Inc Limited Liability Company has 0.04% invested in Nasdaq, Inc. (NASDAQ:NDAQ) for 99,167 shares. Massmutual Fsb Adv accumulated 10,157 shares. Qs Limited Liability holds 0% in Nasdaq, Inc. (NASDAQ:NDAQ) or 1,133 shares. Orrstown Fin holds 0.24% or 2,354 shares. Guardian Life Ins Company Of America holds 267 shares. Loomis Sayles Ltd Partnership invested in 0.04% or 235,885 shares. Principal Fincl Group owns 178,808 shares. 42,572 were accumulated by Tealwood Asset. Daiwa Sb reported 6,260 shares.

Since January 12, 2018, it had 0 insider purchases, and 9 insider sales for $6.73 million activity. SIBBERN BJORN had sold 5,776 shares worth $508,926. 2,097 Nasdaq, Inc. (NASDAQ:NDAQ) shares with value of $192,693 were sold by Wedenborn Lars. $2.32 million worth of Nasdaq, Inc. (NASDAQ:NDAQ) was sold by KNIGHT EDWARD S on Friday, April 27. Peterson Bradley J sold $1.55M worth of stock. 6,451 Nasdaq, Inc. (NASDAQ:NDAQ) shares with value of $520,918 were sold by Ottersgard Lars. $326,863 worth of stock was sold by BEGLEY CHARLENE T on Friday, February 2.

The stock of Nasdaq, Inc. (NASDAQ:NDAQ) hit a new 52-week high and has $102.35 target or 8.00 % above today’s $94.77 share price. The 7 months bullish chart indicates low risk for the $15.82 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $102.35 price target is reached, the company will be worth $1.27 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.11% or $0.1 during the last trading session, reaching $94.77. About 481,306 shares traded. Nasdaq, Inc. (NASDAQ:NDAQ) has risen 36.06% since June 14, 2017 and is uptrending. It has outperformed by 23.49% the S&P500.

Analysts await Nasdaq, Inc. (NASDAQ:NDAQ) to report earnings on July, 25. They expect $1.18 earnings per share, up 15.69 % or $0.16 from last year’s $1.02 per share. NDAQ’s profit will be $197.02 million for 20.08 P/E if the $1.18 EPS becomes a reality. After $1.24 actual earnings per share reported by Nasdaq, Inc. for the previous quarter, Wall Street now forecasts -4.84 % negative EPS growth.

Nasdaq, Inc. (NASDAQ:NDAQ) Ratings Coverage

Among 10 analysts covering Nasdaq Inc (NASDAQ:NDAQ), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Nasdaq Inc had 21 analyst reports since December 21, 2017 according to SRatingsIntel. Sandler O’Neill maintained Nasdaq, Inc. (NASDAQ:NDAQ) rating on Thursday, April 12. Sandler O’Neill has “Buy” rating and $9500 target. Bank of America maintained the stock with “Underperform” rating in Thursday, February 1 report. The rating was maintained by Sandler O’Neill with “Buy” on Thursday, March 29. On Wednesday, January 10 the stock rating was maintained by Wells Fargo with “Hold”. The stock of Nasdaq, Inc. (NASDAQ:NDAQ) has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. Raymond James maintained the shares of NDAQ in report on Tuesday, April 10 with “Outperform” rating. The company was maintained on Wednesday, January 31 by Sandler O’Neill. Keefe Bruyette & Woods maintained Nasdaq, Inc. (NASDAQ:NDAQ) on Wednesday, March 28 with “Hold” rating. As per Thursday, April 26, the company rating was maintained by JP Morgan. UBS maintained the stock with “Buy” rating in Thursday, April 26 report.

More notable recent Nasdaq, Inc. (NASDAQ:NDAQ) news were published by: Globenewswire.com which released: “Nasdaq Halts Electrum Special Acquisition Corporation” on June 06, 2018, also Globenewswire.com with their article: “Nasdaq Copenhagen Welcomes Netcompany A/S To List On the Main Market” published on June 07, 2018, Globenewswire.com published: “Semi-annual Review of the OMX Iceland 8 Index” on June 14, 2018. More interesting news about Nasdaq, Inc. (NASDAQ:NDAQ) were released by: Globenewswire.com and their article: “Nasdaq Expands Hong Kong Presence with Data Center Connections” published on June 11, 2018 as well as Globenewswire.com‘s news article titled: “Nasdaq Halts Rockwell Medical, Inc.” with publication date: May 23, 2018.

Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public firm services worldwide. The company has market cap of $15.82 billion. The company??s Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services. It has a 21.58 P/E ratio. This segment operates various exchanges and other marketplace facilities across various asset classes; and provides clearing, settlement, and central depository services.

Nasdaq, Inc. (NASDAQ:NDAQ) Institutional Positions Chart

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