Key Points
- Nasdaq insider Tal Cohen sold 2,289 shares at an average price of $108.05, totaling about $247,326; he retained 202,787 shares after the sale.
- Nasdaq reported quarterly EPS of $1.04, beating the $1.02 consensus, while revenue rose 12.6% year over year to $2.39 billion.
- The company announced a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a 1.2% yield. Analysts’ consensus rating was Moderate Buy, with an average price target of $113.53.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) insider Tal Cohen sold 2,289 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45. Following the completion of the transaction, the insider directly owned 202,787 shares of the company's stock, valued at approximately $21,911,135.35. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Cohen Tal also recently made the following trade(s):
- On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The shares were sold at an average price of $103.34, for a total transaction of $1,073,702.60.
Nasdaq Price Performance
Shares of NASDAQ:NDAQ opened at $106.83 on Friday. The business's 50 day simple moving average is $96.45 and its 200-day simple moving average is $90.84. The firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $111.45.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The company's revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.
Nasdaq Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq's payout ratio is presently 33.88%.
Analyst Upgrades and Downgrades
NDAQ has been the topic of several research reports. Argus upped their target price on Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Barclays set a $121.00 price target on Nasdaq and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $108.00 price target (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Nasdaq from $100.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $118.00 price objective on shares of Nasdaq in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $113.53.
Get Our Latest Stock Report on NDAQ
Institutional Investors Weigh In On Nasdaq
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Nasdaq during the second quarter worth $2,931,637,000. Bank of America Corp DE acquired a new position in shares of Nasdaq in the second quarter worth $603,631,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Nasdaq in the second quarter valued at $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Nasdaq by 4.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider's stock valued at $306,145,000 after acquiring an additional 177,114 shares in the last quarter. Finally, Amundi lifted its position in shares of Nasdaq by 19.6% in the first quarter. Amundi now owns 2,910,390 shares of the financial services provider's stock valued at $247,063,000 after acquiring an additional 476,913 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.
About Nasdaq
(
Get Free Report)
Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world's largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq's Nordic and Baltic market operations.
Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.
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