Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $950,906.25 in Stock

Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jeremy Skule also recently made the following trade(s):

  • On Wednesday, November 6th, Jeremy Skule sold 12,000 shares of Nasdaq stock. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $80.08 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $81.08. The business’s 50-day simple moving average is $74.78 and its 200-day simple moving average is $67.82. The firm has a market capitalization of $46.03 billion, a P/E ratio of 47.95, a P/E/G ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid 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 1.20%. Nasdaq’s dividend payout ratio is currently 57.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Argus upped their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a report on Tuesday. Finally, Barclays raised their target price on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Check Out Our Latest Research Report on NDAQ

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Nasdaq in the 3rd quarter worth $209,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Nasdaq by 344.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 127,693 shares of the financial services provider’s stock worth $9,323,000 after acquiring an additional 98,973 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Nasdaq by 39.0% in the third quarter. Toronto Dominion Bank now owns 207,322 shares of the financial services provider’s stock valued at $15,137,000 after purchasing an additional 58,213 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Nasdaq by 17.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,396 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Nasdaq by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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