Nasdaq (NASDAQ:NDAQ) EVP Sells 1,125 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the sale, the executive vice president owned 100,073 shares of the company’s stock, valued at approximately $9,506,935. The trade was a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeremy Skule also recently made the following trade(s):

• On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $94.22, for a total transaction of $105,997.50.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded down $0.89 on Thursday, reaching $94.55. 3,164,199 shares of the company were exchanged, compared to its average volume of 3,856,326. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The firm has a market cap of $52.85 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a 50-day moving average of $94.91 and a 200-day moving average of $89.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is currently 36.15%.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD Cowen reiterated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research note on Thursday, June 11th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock 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 research note on Monday, July 20th. Finally, Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.30.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors have recently made changes to their positions in NDAQ. Legal & General Group Plc grew its holdings in shares of Nasdaq by 1.6% during the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock worth $277,329,000 after buying an additional 45,783 shares in the last quarter. MKP Capital Management L.L.C. purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $33,996,000. Natixis Advisors LLC lifted its stake in shares of Nasdaq by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 717,872 shares of the financial services provider’s stock valued at $69,727,000 after buying an additional 48,286 shares during the period. National Pension Service boosted its position in Nasdaq by 11.3% during the fourth quarter. National Pension Service now owns 673,919 shares of the financial services provider’s stock worth $65,458,000 after acquiring an additional 68,368 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Nasdaq by 2.5% in the 4th quarter. BNP Paribas Financial Markets now owns 1,063,278 shares of the financial services provider’s stock worth $103,276,000 after acquiring an additional 26,185 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

About Nasdaq

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.