Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $950,906.25 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeremy Skule also recently made the following trade(s):

• On Wednesday, November 6th, Jeremy Skule sold 12,000 shares of Nasdaq stock. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00.

Nasdaq Stock Down 0.2 %

Shares of NASDAQ:NDAQ traded down $0.13 on Wednesday, reaching $80.03. The company had a trading volume of 1,223,160 shares, compared to its average volume of 2,869,027. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $81.08. The firm’s 50 day simple moving average is $74.62 and its 200-day simple moving average is $67.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $46.00 billion, a PE ratio of 48.00, a PEG ratio of 3.07 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. Nasdaq’s dividend payout ratio is currently 57.49%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Nasdaq in the 3rd quarter valued at about $209,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Nasdaq by 344.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 127,693 shares of the financial services provider’s stock worth $9,323,000 after acquiring an additional 98,973 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Nasdaq by 39.0% during the third quarter. Toronto Dominion Bank now owns 207,322 shares of the financial services provider’s stock worth $15,137,000 after purchasing an additional 58,213 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Nasdaq by 17.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,396 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Nasdaq by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NDAQ. Barclays lifted their target price on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research note on Tuesday. TD Cowen reduced their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.