Key Points
- John Zecca, Nasdaq EVP, sold 4,500 shares on January 6 at an average of $100.01 for a total of $450,045, trimming his stake by 3.46% to 125,674 shares valued around $12.57M.
- Nasdaq recently beat quarterly estimates with $0.88 EPS versus $0.82 expected and revenue of $1.32B (up 14.7% YoY), and analysts hold a consensus "Moderate Buy" with a $101.47 target.
- The company pays a quarterly dividend of $0.27 (annualized $1.08, ~1.1% yield) and institutional investors own about 72.47% of the stock.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares of the company's stock, valued at $12,568,656.74. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Nasdaq Trading Down 0.7%
NASDAQ NDAQ opened at $99.74 on Friday. The stock has a 50-day simple moving average of $91.83 and a 200 day simple moving average of $91.52. The company has a market capitalization of $56.95 billion, a PE ratio of 35.62, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.21.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.Nasdaq's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, December 5th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq's payout ratio is currently 38.57%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating and set a $111.00 price objective (up previously from $110.00) on shares of Nasdaq in a report on Monday, December 22nd. Barclays set a $115.00 price target on shares of Nasdaq and gave the company an "overweight" rating in a research note on Thursday. Cowen reissued a "hold" rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Nasdaq in a research report on Tuesday, October 14th. Finally, TD Cowen increased their target price on Nasdaq from $94.00 to $96.00 and gave the stock a "hold" rating in a report on Wednesday, October 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.47.
Read Our Latest Research Report on NDAQ
Institutional Trading of Nasdaq
Several institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of Nasdaq by 113.3% in the first quarter. NewEdge Advisors LLC now owns 31,143 shares of the financial services provider's stock valued at $2,362,000 after buying an additional 16,542 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in Nasdaq by 5.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 41,086 shares of the financial services provider's stock valued at $3,117,000 after purchasing an additional 1,991 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in Nasdaq during the first quarter worth about $863,000. United Services Automobile Association bought a new position in Nasdaq during the first quarter worth about $620,000. Finally, MBB Public Markets I LLC acquired a new position in Nasdaq during the first quarter worth approximately $307,000. Institutional investors own 72.47% of the company's stock.
Nasdaq Company Profile
(
Get Free Report)
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.
Further Reading
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