Nasdaq (NASDAQ:NDAQ) EVP Sells $105,997.50 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.22, for a total value of $105,997.50. Following the transaction, the executive vice president owned 101,198 shares in the company, valued at $9,534,875.56. This trade represents a 1.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nasdaq Price Performance

Nasdaq stock traded up $0.38 during trading on Monday, reaching $91.57. The company had a trading volume of 2,480,502 shares, compared to its average volume of 3,862,123. The firm has a market capitalization of $51.19 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97. The firm’s 50-day simple moving average is $94.12 and its 200 day simple moving average is $89.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. Nasdaq’s payout ratio is currently 36.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Barclays restated an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Buy” and an average target price of $110.30.

Institutional Trading of Nasdaq

Several large investors have recently bought and sold shares of the business. Independent Advisor Alliance lifted its holdings in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 117 shares during the last quarter. Quantum Portfolio Management LLC boosted its position in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after buying an additional 123 shares in the last quarter. Fielder Capital Group LLC grew its stake in Nasdaq by 3.1% during the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after buying an additional 137 shares during the last quarter. Arkadios Wealth Advisors grew its stake in Nasdaq by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock worth $479,000 after buying an additional 137 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its holdings in shares of Nasdaq by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock worth $221,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.