Ann M. Dennison Sells 1,170 Shares of Nasdaq Inc (NDAQ) Stock
Nasdaq Inc (NASDAQ:NDAQ) insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Nasdaq Inc (NASDAQ NDAQ) traded down 0.99% during midday trading on Thursday, hitting $74.94. The stock had a trading volume of 854,646 shares. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 56.95 and a beta of 0.76. Nasdaq Inc has a 12-month low of $63.30 and a 12-month high of $77.75. The company’s 50-day moving average price is $73.91 and its 200-day moving average price is $70.70.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 14.70% and a return on equity of 10.79%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Equities research analysts forecast that Nasdaq Inc will post $4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.
NDAQ has been the subject of a number of analyst reports. UBS AG reissued a “buy” rating and issued a $81.00 price target (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Evercore ISI reissued an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a report on Friday, April 28th. Royal Bank Of Canada boosted their price target on Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price target (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Six equities research 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 “Hold” and a consensus price target of $75.30.
A number of large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in 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 valued at $1,069,202,000 after buying an additional 146,050 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after buying an additional 208,253 shares in the last quarter. BlackRock Inc. boosted its stake in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after buying an additional 9,303,493 shares in the last quarter. State Street Corp boosted its stake in Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock valued at $367,865,000 after buying an additional 20,813 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after buying an additional 358,414 shares in the last quarter. 75.44% of the stock is currently owned by institutional investors and hedge funds.
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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