Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $935,040.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nasdaq Stock Performance

NDAQ traded up $0.53 on Friday, reaching $78.71. The company had a trading volume of 2,228,376 shares, compared to its average volume of 2,887,142. Nasdaq, Inc. has a fifty-two week low of $51.30 and a fifty-two week high of $79.73. The stock has a market cap of $45.24 billion, a P/E ratio of 46.81, a P/E/G ratio of 2.93 and a beta of 0.95. The company’s fifty day moving average is $73.49 and its 200 day moving average is $66.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. Nasdaq’s payout ratio is presently 57.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NDAQ. Mizuho Securities USA LLC grew its position in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC lifted its holdings in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after acquiring an additional 1,866,219 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Nasdaq by 283.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock worth $72,880,000 after acquiring an additional 853,414 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after acquiring an additional 815,946 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NDAQ shares. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group raised their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. TD Cowen lowered their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

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.