Key Points
- Nasdaq EVP Jeremy Skule sold 1,125 shares at an average price of $95, generating $106,875 and reducing his direct ownership by 1.11% to 100,073 shares.
- Nasdaq shares opened at $94.55, with a market capitalization of $52.85 billion; the company recently reported quarterly earnings of $1.07 per share, exceeding estimates, while revenue rose 14.9% year over year.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $110.30, although Zacks downgraded the stock from “strong buy” to “hold.” Nasdaq also announced a quarterly dividend of $0.31 per share.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Jeremy Skule sold 1,125 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the sale, the executive vice president directly owned 100,073 shares in the company, valued at approximately $9,506,935. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Jeremy Skule also recently made the following trade(s):
- On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $94.22, for a total value of $105,997.50.
Nasdaq Stock Performance
Shares of NDAQ stock opened at $94.55 on Friday. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $52.85 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.65 and a beta of 0.97. The stock's fifty day simple moving average is $94.92 and its 200-day simple moving average is $89.84.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.
Nasdaq Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq's dividend payout ratio is currently 36.15%.
Nasdaq News Roundup
Here are the key news stories impacting Nasdaq this week:
- Positive Sentiment: Nasdaq hosted presentations at the Bank of America Financials CEO Conference and the Autonomous Future of Commerce Symposium. The events may provide insight into management’s strategy and growth outlook, although no specific new financial guidance was reported. Bank of America conference transcript Autonomous symposium transcript
- Neutral Sentiment: Nasdaq reported that short interest across 3,862 Nasdaq Global Market securities declined to 18.12 billion shares as of September 15, from 18.21 billion previously. The days-to-cover ratio edged up to 3.55 days from 3.52 days, indicating little material change in overall market positioning. Nasdaq mid-month short-interest release
- Neutral Sentiment: Reports listed short interest in Nasdaq, Inc. at zero shares, implying a zero-day days-to-cover ratio. This appears inconsistent with normal market data and may reflect a reporting or data-classification issue rather than a meaningful change in investor sentiment.
- Negative Sentiment: Zacks Research downgraded Nasdaq, Inc. (NDAQ) from “strong buy” to “hold.” The rating change is the clearest negative catalyst in the latest reports and may pressure the stock by signaling reduced near-term upside.
- Negative Sentiment: Executive Vice President Jeremy Skule sold 1,125 shares for approximately $106,875 at an average price of $95.00. The sale reduced his direct holdings by 1.11%, a relatively small transaction but a modest negative signal for sentiment. SEC insider transaction filing
Institutional Investors Weigh In On Nasdaq
Large investors have recently modified their holdings of the stock. Fiduciary Financial Advisors acquired a new stake in Nasdaq in the 2nd quarter valued at $25,000. MV Capital Management Inc. acquired a new position in Nasdaq during the fourth quarter worth $28,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq during the fourth quarter valued at $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq in the 4th quarter valued at $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $37,000. 72.47% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on NDAQ shares. TD Cowen restated a "buy" rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a research note on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reiterated 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. Finally, Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $110.30.
View Our Latest Stock Report on Nasdaq
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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