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 stock in a transaction on Monday, August 14th. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nasdaq, Inc. (NDAQ) opened at 76.28 on Friday. 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 is $73.52 and its 200-day moving average is $70.54. The firm has a market cap of $12.72 billion, a PE ratio of 57.96 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post $4.17 EPS for the current year.
The company 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 dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 1.99%. Nasdaq’s dividend payout ratio is 118.75%.
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A number of research firms have recently commented on NDAQ. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Evercore ISI reaffirmed an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nasdaq currently has a consensus rating of “Buy” and an average price target of $75.22.
A number of large investors have recently bought and sold shares of NDAQ. Aperio Group LLC boosted its stake in Nasdaq by 2.4% in the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock valued at $6,826,000 after buying an additional 2,218 shares in the last quarter. Summit Securities Group LLC bought a new position in Nasdaq during the second quarter worth approximately $645,000. NGAM Advisors L.P. boosted its position in Nasdaq by 16.4% in the second quarter. NGAM Advisors L.P. now owns 231,705 shares of the financial services provider’s stock worth $16,564,000 after buying an additional 32,562 shares during the period. Reliance Trust Co. of Delaware boosted its position in Nasdaq by 6.1% in the second quarter. Reliance Trust Co. of Delaware now owns 9,545 shares of the financial services provider’s stock worth $682,000 after buying an additional 552 shares during the period. Finally, Advisor Partners LLC bought a new position in Nasdaq during the second quarter worth approximately $214,000. 75.44% of the stock is owned by institutional investors and hedge funds.
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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