Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $181,826.04 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bryan Everard Smith also recently made the following trade(s):

• On Monday, April 1st, Bryan Everard Smith sold 7,400 shares of Nasdaq stock. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $60.87 on Monday. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $35.01 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.36 and a beta of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The stock has a 50 day moving average of $60.34 and a 200-day moving average of $56.87.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.69 EPS for the current year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.58%. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Analyst Ratings Changes

NDAQ has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, March 26th. Citigroup boosted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.92.

Hedge Funds Weigh In On Nasdaq

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Nasdaq by 14.6% during the third quarter. Commonwealth Equity Services LLC now owns 79,454 shares of the financial services provider’s stock worth $3,861,000 after buying an additional 10,125 shares in the last quarter. Xponance Inc. increased its holdings in shares of Nasdaq by 4.9% during the third quarter. Xponance Inc. now owns 55,221 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 2,596 shares during the period. Raymond James & Associates raised its position in shares of Nasdaq by 8.5% in the third quarter. Raymond James & Associates now owns 1,169,077 shares of the financial services provider’s stock valued at $56,805,000 after buying an additional 91,327 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Nasdaq by 8.3% during the third quarter. Stratos Wealth Partners LTD. now owns 46,585 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 3,553 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in Nasdaq during the 3rd quarter worth $283,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Company Profile

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.