Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Bradley Peterson sold 7,710 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president owned 141,035 shares of the company's stock, valued at $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Nasdaq Price Performance
NDAQ stock opened at $91.91 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.01. The firm has a market capitalization of $51.98 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.86 and a beta of 1.02. The business's 50-day moving average is $86.49 and its two-hundred day moving average is $89.65. Nasdaq, Inc. has a 1 year low of $75.54 and a 1 year high of $101.79.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.Nasdaq's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.
Nasdaq Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. This is an increase from Nasdaq's previous quarterly dividend of $0.27. Nasdaq's dividend payout ratio is 32.53%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on NDAQ. Morgan Stanley set a $116.00 price target on Nasdaq and gave the company an "overweight" rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their price target on Nasdaq from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. UBS Group reaffirmed a "buy" rating and issued a $120.00 price target (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. Raymond James Financial reaffirmed an "outperform" rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Nasdaq in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $107.15.
View Our Latest Research Report on NDAQ
Institutional Investors Weigh In On Nasdaq
Several hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. increased its position in Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider's stock worth $149,000 after buying an additional 111 shares during the period. ORG Wealth Partners LLC increased its position in Nasdaq by 6.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider's stock worth $170,000 after buying an additional 112 shares during the period. Independent Advisor Alliance increased its position in Nasdaq by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider's stock worth $444,000 after buying an additional 117 shares during the period. Orgel Wealth Management LLC increased its position in Nasdaq by 4.7% during the fourth quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider's stock worth $255,000 after buying an additional 118 shares during the period. Finally, Quantum Portfolio Management LLC increased its position in Nasdaq by 1.8% during the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider's stock worth $606,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.
Nasdaq Company Profile
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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.
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