Insider Selling: Nasdaq, Inc. (NDAQ) Insider Sells $89,294.40 in Stock
Nasdaq, Inc. (NASDAQ:NDAQ) insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Nasdaq, Inc. (NDAQ) traded up 1.08% during mid-day trading on Friday, hitting $75.75. The stock had a trading volume of 560,380 shares. The company has a 50-day moving average of $74.13 and a 200 day moving average of $70.77. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 57.56 and a beta of 0.76. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Nasdaq’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.01%. Nasdaq’s payout ratio is presently 118.75%.
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Hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its stake in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares during the last quarter. Pacer Advisors Inc. raised its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC bought a new stake in Nasdaq during the first quarter valued at about $189,000. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the first quarter valued at about $190,000. Finally, MML Investors Services LLC bought a new stake in Nasdaq during the second quarter valued at about $201,000. Institutional investors and hedge funds own 75.44% of the company’s stock.
NDAQ has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. UBS AG reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Nasdaq in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price 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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