Nasdaq (NASDAQ:NDAQ) EVP Sells $105,997.50 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.22, for a total value of $105,997.50. Following the completion of the sale, the executive vice president owned 101,198 shares of the company’s stock, valued at $9,534,875.56. This represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Nasdaq Stock Performance

NDAQ opened at $88.76 on Thursday. The stock has a market cap of $49.62 billion, a PE ratio of 25.88, a P/E/G ratio of 1.55 and a beta of 0.97. 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 stock’s 50 day simple moving average is $94.41 and its 200-day simple moving average is $89.59.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Institutional Investors Weigh In On Nasdaq

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in Nasdaq by 16.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 85,621 shares of the financial services provider’s stock valued at $6,749,000 after purchasing an additional 12,398 shares during the last quarter. Tidal Investments LLC grew its stake in Nasdaq by 2.8% during the second quarter. Tidal Investments LLC now owns 66,321 shares of the financial services provider’s stock worth $5,227,000 after buying an additional 1,836 shares during the last quarter. MCF Advisors LLC grew its stake in Nasdaq by 187.2% during the second quarter. MCF Advisors LLC now owns 899 shares of the financial services provider’s stock worth $71,000 after buying an additional 586 shares during the last quarter. National Pension Service increased its holdings in shares of Nasdaq by 3.1% during the second quarter. National Pension Service now owns 712,564 shares of the financial services provider’s stock worth $56,164,000 after buying an additional 21,416 shares in the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of Nasdaq by 2.9% during the second quarter. Capital Analysts LLC now owns 9,073 shares of the financial services provider’s stock worth $715,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. TD Cowen restated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research note on Thursday, June 11th. Finally, Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $110.30.

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.