NASDAQ OMX Group EVP Sells $1,375,481 in Stock (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ) EVP Eric Noll sold 38,475 shares of NASDAQ OMX Group stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $35.75, for a total transaction of $1,375,481.25. Following the sale, the executive vice president now directly owns 50,128 shares of the company’s stock, valued at approximately $1,792,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded down 0.79% during mid-day trading on Wednesday, hitting $35.725. The stock had a trading volume of 791,944 shares. NASDAQ OMX Group has a 52 week low of $22.63 and a 52 week high of $34.41. The stock has a 50-day moving average of $31.35 and a 200-day moving average of $31.40. The company has a market cap of $5.977 billion and a price-to-earnings ratio of 18.65.
NASDAQ OMX Group (NASDAQ:NDAQ) last released its earnings data on Wednesday, October 23rd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $502.62 million. During the same quarter last year, the company posted $0.62 earnings per share. NASDAQ OMX Group’s revenue was up 22.8% compared to the same quarter last year. On average, analysts predict that NASDAQ OMX Group will post $2.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, December 11th.
A number of analysts have recently weighed in on NDAQ shares. Analysts at Sandler O’Neill raised their price target on shares of NASDAQ OMX Group from $35.00 to $39.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Separately, analysts at Compass Point raised their price target on shares of NASDAQ OMX Group from $33.00 to $35.00 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of NASDAQ OMX Group from $37.00 to $38.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $35.06.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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