Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule Sells 12,000 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Nasdaq Price Performance

NDAQ opened at $78.69 on Friday. Nasdaq, Inc. has a 1 year low of $51.30 and a 1 year high of $79.73. The stock has a 50-day moving average price of $73.62 and a 200-day moving average price of $66.75. The firm has a market cap of $45.23 billion, a PE ratio of 47.12, a P/E/G ratio of 3.04 and a beta of 0.95. 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 (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Sell-side analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the 2nd quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth approximately $27,000. Crewe Advisors LLC grew its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the period. Finally, LRI Investments LLC purchased a new stake in Nasdaq during the first quarter valued at approximately $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NDAQ. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday, October 14th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $80.33.

About Nasdaq

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.