Sarah Youngwood Sells 14,959 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded up $1.28 on Wednesday, hitting $76.58. The company’s stock had a trading volume of 2,223,802 shares, compared to its average volume of 2,768,423. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $44.04 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock’s 50-day moving average is $79.23 and its two-hundred day moving average is $77.38. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Institutional Investors Weigh In On Nasdaq

Hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in Nasdaq in the 4th quarter worth about $26,000. Founders Capital Management purchased a new stake in Nasdaq in the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq in the 4th quarter worth about $33,000. Raleigh Capital Management Inc. lifted its stake in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq in the 4th quarter worth about $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Barclays cut their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. UBS Group raised their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.