Nasdaq (NASDAQ:NDAQ) EVP Jeremy Skule Sells 1,125 Shares of 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 value of $105,997.50.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $94.55 on Friday. The company 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 stock has a 50 day simple moving average of $94.92 and a 200-day simple moving average of $89.84. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. 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 (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Institutional Trading of Nasdaq

Several institutional investors and hedge funds have recently modified their holdings of NDAQ. Quantum Portfolio Management LLC raised its holdings 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 buying an additional 123 shares during the period. Fielder Capital Group LLC boosted its holdings in shares of Nasdaq by 3.1% in the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after buying an additional 137 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Nasdaq by 2.5% in the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock worth $479,000 after buying an additional 137 shares during the period. AlphaCentric Advisors LLC increased its position in shares of Nasdaq by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 145 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in shares of Nasdaq by 1.7% in the second quarter. Brown Lisle Cummings Inc. now owns 8,815 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Trending Headlines about Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq hosted presentations at the Bank of America Financials CEO Conference and the Autonomous Future of Commerce Symposium. The events may provide insight into management’s strategy and growth outlook, although no specific new financial guidance was reported. Bank of America conference transcript Autonomous symposium transcript
• Neutral Sentiment: Nasdaq reported that short interest across 3,862 Nasdaq Global Market securities declined to 18.12 billion shares as of September 15, from 18.21 billion previously. The days-to-cover ratio edged up to 3.55 days from 3.52 days, indicating little material change in overall market positioning. Nasdaq mid-month short-interest release
• Neutral Sentiment: Reports listed short interest in Nasdaq, Inc. at zero shares, implying a zero-day days-to-cover ratio. This appears inconsistent with normal market data and may reflect a reporting or data-classification issue rather than a meaningful change in investor sentiment.
• Negative Sentiment: Zacks Research downgraded Nasdaq, Inc. (NDAQ) from “strong buy” to “hold.” The rating change is the clearest negative catalyst in the latest reports and may pressure the stock by signaling reduced near-term upside.
• Negative Sentiment: Executive Vice President Jeremy Skule sold 1,125 shares for approximately $106,875 at an average price of $95.00. The sale reduced his direct holdings by 1.11%, a relatively small transaction but a modest negative signal for sentiment. SEC insider transaction filing

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NDAQ shares. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a report on Thursday, June 11th. Raymond James Financial reissued 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. Barclays restated an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. TD Cowen reiterated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.30.

Nasdaq Company Profile

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.