Insider Selling: Nasdaq, Inc. (NDAQ) Director Sells 3,045 Shares of Stock
Nasdaq, Inc. (NASDAQ:NDAQ) Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Nasdaq, Inc. (NASDAQ:NDAQ) traded up 1.53% during mid-day trading on Tuesday, reaching $76.44. 693,772 shares of the company’s stock traded hands. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 58.09 and a beta of 0.76. The firm’s 50-day moving average price is $73.72 and its 200 day moving average price is $70.62. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same period in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. Nasdaq’s dividend payout ratio is presently 118.75%.
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Several institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its position in Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after buying an additional 91 shares in the last quarter. First Manhattan Co. boosted its position in Nasdaq by 6.8% in the first quarter. First Manhattan Co. now owns 7,068 shares of the financial services provider’s stock worth $477,000 after buying an additional 450 shares in the last quarter. Guinness Asset Management Ltd boosted its position in Nasdaq by 6.8% in the first quarter. Guinness Asset Management Ltd now owns 3,150 shares of the financial services provider’s stock worth $219,000 after buying an additional 200 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in Nasdaq by 4.6% in the first quarter. Nationwide Fund Advisors now owns 32,411 shares of the financial services provider’s stock worth $2,251,000 after buying an additional 1,433 shares in the last quarter. 75.44% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on NDAQ shares. Royal Bank Of Canada upped their target price on shares of Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Deutsche Bank AG cut their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Evercore ISI reiterated an “in-line” rating and issued a $74.00 target price on shares of Nasdaq in a research report on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $81.00 target price (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. Finally, BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nasdaq has an average rating of “Hold” and a consensus price target of $75.30.
Nasdaq Company Profile
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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