Key Points
- Nasdaq EVP Jeremy Skule sold 1,125 shares at an average price of $94.13, generating approximately $105,896; his remaining stake totaled 97,686 shares.
- Nasdaq reported quarterly EPS of $1.07, beating estimates of $0.98, while revenue rose 14.9% year over year to $2.53 billion.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $108.83, compared with the stock’s reported price of $91.96; Nasdaq also pays a $0.31 quarterly dividend.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Jeremy Skule sold 1,125 shares of the firm's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $94.13, for a total transaction of $105,896.25. Following the transaction, the executive vice president owned 97,686 shares in the company, valued at $9,195,183.18. This represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jeremy Skule also recently made the following trade(s):
- On Tuesday, September 22nd, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $95.00, for a total value of $106,875.00.
- 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 NASDAQ NDAQ opened at $91.96 on Thursday. The stock has a fifty day moving average price of $94.72 and a two-hundred day moving average price of $90.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $51.40 billion, a P/E ratio of 26.81, a PEG ratio of 1.67 and a beta of 0.99. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (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 for the quarter, compared to analysts' expectations of $1.46 billion. During the same period last year, the firm earned $0.85 EPS. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts forecast that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.31 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq's payout ratio is 36.15%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NDAQ. The Goldman Sachs Group upped their price target on shares of Nasdaq from $108.00 to $109.00 and gave the company a "buy" rating in a report on Friday, October 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. Raymond James Financial dropped their target price on shares of Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $115.00 to $116.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wells Fargo & Company started coverage on shares of Nasdaq in a research note on Friday, October 2nd. They set an "equal weight" rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $108.83.
Check Out Our Latest Report on Nasdaq
Hedge Funds Weigh In On Nasdaq
Several institutional investors and hedge funds have recently bought and sold shares of NDAQ. BlackRock Inc. acquired a new stake in shares of Nasdaq during the second quarter worth approximately $2,931,637,000. Bank of America Corp DE purchased a new position in Nasdaq during the second quarter valued at approximately $603,631,000. The Manufacturers Life Insurance Company acquired a new position in Nasdaq in the 2nd quarter valued at approximately $377,818,000. Legal & General Group Plc acquired a new position in Nasdaq in the 2nd quarter valued at approximately $220,130,000. Finally, Deutsche Bank AG acquired a new position in Nasdaq in the 2nd quarter valued at approximately $180,099,000. Hedge funds and other institutional investors own 72.47% of the company's stock.
Nasdaq Company Profile
(
Get Free Report)
Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.
Nasdaq's business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
