Key Points
- Nasdaq EVP Jeremy Skule sold 1,125 shares at an average price of $94.22, totaling approximately $106,000. He retains 101,198 shares valued at about $9.5 million.
- Nasdaq reported quarterly EPS of $1.07, beating estimates of $0.98, while revenue rose 14.9% year over year to $2.53 billion.
- The company declared a quarterly dividend of $0.31 per share, representing a $1.24 annualized payout and a 1.4% yield. Analysts maintain a consensus “Buy” rating with an average price target of $110.30.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Jeremy Skule sold 1,125 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $94.22, for a total value of $105,997.50. Following the completion of the transaction, the executive vice president directly owned 101,198 shares of the company's stock, valued at $9,534,875.56. This represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Nasdaq Price Performance
NDAQ stock opened at $91.57 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The stock's 50 day moving average is $94.27 and its two-hundred day moving average is $89.55. The company has a market capitalization of $51.19 billion, a PE ratio of 26.70, a P/E/G ratio of 1.59 and a beta of 0.97.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the business posted $0.85 EPS. The business's revenue was up 14.9% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.
Nasdaq Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq's dividend payout ratio is currently 36.15%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NDAQ. Raymond James Financial reissued an "outperform" rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Barclays reaffirmed an "overweight" rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a research note on Friday, July 24th. Morgan Stanley reissued an "overweight" rating and issued a $120.00 price objective on shares of Nasdaq in a report on Friday, July 24th. Finally, TD Cowen restated a "buy" rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $110.30.
Read Our Latest Report on NDAQ
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Fiduciary Financial Advisors bought a new position in Nasdaq in the second quarter worth about $25,000. MV Capital Management Inc. bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $37,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Nasdaq in the 2nd quarter worth approximately $37,000. 72.47% of the stock is currently owned by institutional investors.
Nasdaq Company Profile
(
Get Free Report)
Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.
Nasdaq's businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.
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