Insider Selling: Nasdaq (NASDAQ:NDAQ) Insider Sells $250,088.40 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,286 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $109.40, for a total transaction of $250,088.40. Following the sale, the insider owned 200,501 shares of the company’s stock, valued at $21,934,809.40. This represents a 1.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cohen Tal also recently made the following trade(s):

• On Tuesday, November 3rd, Tal Cohen sold 2,289 shares of Nasdaq stock. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45.
• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The shares were sold at an average price of $103.34, for a total transaction of $1,073,702.60.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $107.12 on Monday. The firm’s fifty day moving average price is $96.60 and its 200 day moving average price is $90.89. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $111.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Nasdaq’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s payout ratio is 33.88%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. Erste Group Bank began coverage on Nasdaq in a research report on Friday, October 30th. They issued a “buy” rating for the company. Argus lifted their price target on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Raymond James Financial reduced their price objective on Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. Barclays set a $121.00 price objective on Nasdaq and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, Rothschild & Co Redburn lowered their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Institutional Trading of Nasdaq

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Nasdaq in the 2nd quarter valued at about $2,931,637,000. Bank of America Corp DE acquired a new stake in shares of Nasdaq during the 2nd quarter worth about $603,631,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Nasdaq during the second quarter worth about $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Nasdaq by 4.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock worth $306,145,000 after buying an additional 177,114 shares in the last quarter. Finally, Amundi grew its holdings in shares of Nasdaq by 19.6% during the first quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock worth $247,063,000 after buying an additional 476,913 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.