Michelle Lynn Daly Sells 1,323 Shares of Nasdaq (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nasdaq Trading Down 0.0%

NASDAQ:NDAQ opened at $91.27 on Thursday. Nasdaq, Inc. has a one year low of $74.11 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.00. The firm has a market cap of $51.88 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.02. The firm has a 50-day simple moving average of $86.28 and a 200-day simple moving average of $89.64.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts anticipate that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.31 dividend. 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, June 12th. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is presently 37.35%.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of analyst reports. Argus raised shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a research report on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Finally, Barclays lifted their price objective on shares of Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $107.15.

Institutional Trading of Nasdaq

Several large investors have recently bought and sold shares of the stock. Frank Rimerman Advisors LLC grew its position in Nasdaq by 3.5% during the 1st quarter. Frank Rimerman Advisors LLC now owns 8,858 shares of the financial services provider’s stock worth $752,000 after purchasing an additional 298 shares during the last quarter. Quantum Portfolio Management LLC grew its position in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 123 shares during the last quarter. Dividend Assets Capital LLC grew its position in Nasdaq by 166.9% during the 1st quarter. Dividend Assets Capital LLC now owns 34,518 shares of the financial services provider’s stock worth $2,930,000 after purchasing an additional 21,584 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Nasdaq during the 1st quarter worth approximately $146,000. Finally, Stephens Inc. AR purchased a new stake in Nasdaq during the 1st quarter worth approximately $548,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.