Insider Selling: Nasdaq (NASDAQ:NDAQ) Insider Sells $1,408,258.50 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Cohen Tal sold 15,518 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the transaction, the insider owned 215,208 shares of the company’s stock, valued at $19,530,126. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nasdaq Price Performance

NDAQ stock opened at $91.32 on Friday. Nasdaq, Inc. has a 52 week low of $76.86 and a 52 week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $86.49 and a two-hundred day simple moving average of $89.65. The firm has a market capitalization of $51.65 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.88 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $0.79 earnings per share. Nasdaq’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is 37.35%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDAQ. Loop Capital set a $113.00 price objective on Nasdaq in a research note on Friday, April 24th. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a research note on Wednesday, February 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.15.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its holdings in Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after buying an additional 111 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in Nasdaq by 6.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after buying an additional 112 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after buying an additional 117 shares in the last quarter. Orgel Wealth Management LLC lifted its holdings in Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock valued at $255,000 after buying an additional 118 shares in the last quarter. Finally, Quantum Portfolio Management LLC lifted its holdings in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after buying an additional 123 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.