Nasdaq, Inc. (NASDAQ:NDAQ) insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.16% on Wednesday, reaching $77.12. 601,729 shares of the company’s stock traded hands. The firm’s 50 day moving average is $73.20 and its 200 day moving average is $70.45. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The firm has a market capitalization of $12.86 billion, a P/E ratio of 58.60 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. Analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.

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Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after buying an additional 208,253 shares in the last quarter. BlackRock Inc. increased its position in shares of Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares in the last quarter. State Street Corp increased its position in shares of Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares in the last quarter. 75.44% of the stock is owned by institutional investors.

NDAQ has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Deutsche Bank AG dropped their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Royal Bank Of Canada set a $70.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a report on Friday, April 21st. Jefferies Group LLC reiterated a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, Evercore ISI reiterated an “in-line” rating and set a $74.00 target price on shares of Nasdaq in a report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Nasdaq has a consensus rating of “Buy” and a consensus price target of $75.22.

About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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