Jeremy Skule Sells 2,105 Shares of Nasdaq (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nasdaq Stock Performance

Shares of NDAQ traded down $0.31 on Wednesday, reaching $85.56. 2,443,979 shares of the stock traded hands, compared to its average volume of 3,331,602. The firm has a market cap of $48.85 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The stock’s 50-day moving average price is $90.12 and its 200-day moving average price is $88.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio is 38.57%.

Analyst Ratings Changes

Several research firms have recently weighed in on NDAQ. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Cowen reiterated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

Institutional Trading of Nasdaq

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Nasdaq by 0.4% in the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after purchasing an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Fielder Capital Group LLC increased its holdings in shares of Nasdaq by 3.0% in the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 122 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in shares of Nasdaq by 2.3% in the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.