Nasdaq (NASDAQ:NDAQ) Insider Sells $247,326.45 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,289 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $108.05, for a total transaction of $247,326.45. Following the transaction, the insider directly owned 202,787 shares in the company, valued at $21,911,135.35. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cohen Tal also recently made the following trade(s):

• On Wednesday, November 4th, Tal Cohen sold 2,286 shares of Nasdaq stock. The shares were sold at an average price of $109.40, for a total value of $250,088.40.
• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The shares were sold at an average price of $103.34, for a total value of $1,073,702.60.

Nasdaq Trading Up 0.3%

Shares of NASDAQ:NDAQ opened at $107.12 on Friday. The company has a market capitalization of $59.45 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.85 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $111.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $96.60 and its 200 day simple moving average is $90.89.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. On average, research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio is 33.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NDAQ shares. Weiss Ratings upgraded Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 30th. Wells Fargo & Company upped their price objective on shares of Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday, October 23rd. Morgan Stanley increased their price objective on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Rothschild & Co Redburn decreased their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, Bank of America decreased their target price on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Nasdaq in the second quarter valued at about $2,931,637,000. Bank of America Corp DE acquired a new position in Nasdaq during the second quarter worth about $603,631,000. The Manufacturers Life Insurance Company acquired a new position in Nasdaq during the second quarter worth about $377,818,000. Legal & General Group Plc acquired a new position in Nasdaq during the second quarter worth about $220,130,000. Finally, Deutsche Bank AG bought a new position in shares of Nasdaq in the second quarter worth about $180,099,000. 72.47% of the stock is currently owned by institutional investors.

About Nasdaq

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.