After Forming Multiple Top Pattern, Is Nasdaq, Inc. (NDAQ)’s Near-Term Analysis Positive?

September 8, 2018 - By Kristin Houston

Nasdaq, Inc. (NASDAQ:NDAQ) Logo

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.13, from 1.22 in 2017Q4. It turned negative, 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.
Liberty Mutual Grp Inc Asset Mgmt Inc has invested 0.01% of its portfolio in Nasdaq, Inc. (NASDAQ:NDAQ). First Quadrant Limited Partnership Ca has invested 0.02% in Nasdaq, Inc. (NASDAQ:NDAQ). Gradient Limited accumulated 135 shares. Moreover, Canandaigua Retail Bank Communications has 0.07% invested in Nasdaq, Inc. (NASDAQ:NDAQ). Proshare Ltd Limited Liability Company invested in 63,892 shares or 0.04% of the stock. Quantitative Systematic Strategies Ltd Liability Company holds 0.15% or 8,239 shares. City accumulated 80 shares or 0% of the stock. 19,158 are held by Nomura Asset Mngmt Com Ltd. Ardevora Asset Limited Liability Partnership has invested 1.15% in Nasdaq, Inc. (NASDAQ:NDAQ). Tiaa Cref Mgmt Limited Liability Company invested in 361,458 shares or 0.02% of the stock. Moreover, Cubist Systematic Strategies Lc has 0.02% invested in Nasdaq, Inc. (NASDAQ:NDAQ) for 4,073 shares. Macquarie Gp Ltd holds 0.02% of its portfolio in Nasdaq, Inc. (NASDAQ:NDAQ) for 105,950 shares. Richard Bernstein Advisors Ltd Limited Liability Company accumulated 5,059 shares. Moreover, Credit Agricole S A has 0.23% invested in Nasdaq, Inc. (NASDAQ:NDAQ) for 38,807 shares. Mariner Ltd Liability Corp stated it has 43,584 shares.

Since April 27, 2018, it had 0 insider buys, and 5 selling transactions for $3.29 million activity. 2,000 shares were sold by Griggs PC Nelson, worth $178,840 on Tuesday, May 8. On Friday, April 27 KNIGHT EDWARD S sold $2.32M worth of Nasdaq, Inc. (NASDAQ:NDAQ) or 26,258 shares. Wedenborn Lars also sold $192,693 worth of Nasdaq, Inc. (NASDAQ:NDAQ) on Thursday, May 24.

The stock of Nasdaq, Inc. (NDAQ) shows a multiple tops pattern with $98.74 target or 6.00 % above today’s $93.15 share price. The 7 months chart pattern indicates low risk for the $15.32 billion company. It was reported on Sep, 8 by Finviz.com. If the $98.74 price target is reached, the company will be worth $919.44 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.08% or $0.07 during the last trading session, reaching $93.15. About 436,805 shares traded. Nasdaq, Inc. (NASDAQ:NDAQ) has risen 36.06% since September 8, 2017 and is uptrending. It has outperformed by 23.49% the S&P500.

Analysts await Nasdaq, Inc. (NASDAQ:NDAQ) to report earnings on October, 24. They expect $1.16 earnings per share, up 9.43 % or $0.10 from last year’s $1.06 per share. NDAQ’s profit will be $190.83M for 20.08 P/E if the $1.16 EPS becomes a reality. After $1.18 actual earnings per share reported by Nasdaq, Inc. for the previous quarter, Wall Street now forecasts -1.69 % negative EPS growth.

Nasdaq, Inc. (NASDAQ:NDAQ) Ratings Coverage

Among 13 analysts covering Nasdaq (NASDAQ:NDAQ), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Nasdaq has $107 highest and $8200 lowest target. $94.92’s average target is 1.90% above currents $93.15 stock price. Nasdaq had 17 analyst reports since March 29, 2018 according to SRatingsIntel. The company was maintained on Thursday, April 26 by JP Morgan. Sandler O’Neill maintained Nasdaq, Inc. (NASDAQ:NDAQ) on Thursday, March 29 with “Buy” rating. The stock of Nasdaq, Inc. (NASDAQ:NDAQ) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, March 28. UBS maintained Nasdaq, Inc. (NASDAQ:NDAQ) rating on Thursday, July 26. UBS has “Buy” rating and $107 target. The firm earned “Overweight” rating on Thursday, July 12 by Barclays Capital. The stock of Nasdaq, Inc. (NASDAQ:NDAQ) has “Neutral” rating given on Wednesday, July 18 by Citigroup. Deutsche Bank maintained the shares of NDAQ in report on Friday, April 6 with “Buy” rating. The firm has “Buy” rating by Sandler O’Neill given on Thursday, April 12. On Thursday, March 29 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Raymond James on Tuesday, July 10 with “Outperform”.

More notable recent Nasdaq, Inc. (NASDAQ:NDAQ) news were published by: Nasdaq.com which released: “Why Is Nasdaq (NDAQ) Down 0.8% Since Last Earnings Report?” on August 24, 2018, also Globenewswire.com with their article: “Nasdaq Stockholm Welcomes Ayima Group to First North” published on September 06, 2018, Globenewswire.com published: “Nasdaq Halts OPKO Health, Inc.” on September 07, 2018. More interesting news about Nasdaq, Inc. (NASDAQ:NDAQ) were released by: Nasdaq.com and their article: “Investor’s Business Daily Integrates Nasdaq Last Sale Pre- and After-market Data Across All Content and Product …” published on September 01, 2018 as well as Globenewswire.com‘s news article titled: “Nasdaq Halts Barington/Hilco Acquisition Corp.” with publication date: August 30, 2018.

Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public firm services worldwide. The company has market cap of $15.32 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 20.7 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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