Insider Selling: Nasdaq Inc (NDAQ) Insider Sells 1,553 Shares of Stock

Nasdaq Inc (NASDAQ:NDAQ) insider Ann M. Dennison sold 1,553 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Nasdaq stock traded up $0.88 during trading hours on Wednesday, hitting $86.71. 1,160,000 shares of the company’s stock traded hands, compared to its average volume of 951,480. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $13.74 billion, a PE ratio of 21.36, a P/E/G ratio of 1.85 and a beta of 0.64. Nasdaq Inc has a twelve month low of $71.65 and a twelve month high of $96.84.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $600.00 million during the quarter, compared to the consensus estimate of $605.67 million. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. On average, equities analysts expect that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio is presently 43.35%.

Several analysts recently issued reports on NDAQ shares. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Raymond James increased their price target on Nasdaq from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “sell” rating in a report on Wednesday, July 11th. Barclays increased their price target on Nasdaq from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 price target on shares of Nasdaq in a report on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $95.62.

Several institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Nasdaq by 4.6% during the second quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 553 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Nasdaq by 3.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,742 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 578 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Nasdaq by 14.6% during the second quarter. Daiwa Securities Group Inc. now owns 4,722 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 600 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Nasdaq by 4.3% during the third quarter. DNB Asset Management AS now owns 14,500 shares of the financial services provider’s stock valued at $1,244,000 after acquiring an additional 600 shares in the last quarter. Finally, Signature Wealth Management Group grew its stake in shares of Nasdaq by 11.8% during the second quarter. Signature Wealth Management Group now owns 5,727 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 605 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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

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