Insider Selling: Nasdaq, Inc. (NDAQ) Insider Sells 14,629 Shares of Stock
Nasdaq, Inc. (NASDAQ:NDAQ) insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total value of $1,122,629.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Nasdaq, Inc. (NDAQ) traded up 0.16% on Wednesday, reaching $77.12. The company’s stock had a trading volume of 601,729 shares. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a 50-day moving average price of $73.20 and a 200 day moving average price of $70.45. 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 announced 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 firm had revenue of $602 million for 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%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.
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Hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC increased its stake in Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock worth $11,608,000 after buying an additional 11,768 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Nasdaq during the first quarter worth approximately $244,000. Creative Planning increased its stake in Nasdaq by 10.5% in the first quarter. Creative Planning now owns 8,631 shares of the financial services provider’s stock worth $599,000 after buying an additional 818 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Nasdaq by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,901 shares of the financial services provider’s stock worth $2,493,000 after buying an additional 500 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in Nasdaq by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,230 shares of the financial services provider’s stock worth $780,000 after buying an additional 170 shares in the last quarter. 75.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on NDAQ. UBS AG restated a “buy” rating and set a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. started coverage on Nasdaq in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective for the company. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.22.
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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