Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) insider Tal Cohen sold 2,286 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $109.40, for a total value of $250,088.40. Following the transaction, the insider owned 200,501 shares in the company, valued at approximately $21,934,809.40. The trade was a 1.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Cohen Tal also recently made the following trade(s):
- On Tuesday, November 3rd, Tal Cohen sold 2,289 shares of Nasdaq stock. The stock was sold at an average price of $108.05, for a total value of $247,326.45.
- 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 value of $1,073,702.60.
Nasdaq Trading Up 0.3%
NASDAQ:NDAQ traded up $0.29 during trading hours on Friday, hitting $107.12. The company had a trading volume of 3,334,977 shares, compared to its average volume of 3,359,924. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $111.45. The company has a market cap of $59.45 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.91 and a beta of 0.95. The company has a 50-day moving average of $96.60 and a 200 day moving average of $90.89. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. Sell-side analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.
Nasdaq Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq's dividend payout ratio (DPR) is presently 33.88%.
Institutional Trading of Nasdaq
A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. BlackRock Inc. purchased a new stake in Nasdaq during the 2nd quarter worth approximately $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 acquired a new position in shares of Nasdaq in the second quarter worth $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 worth $306,145,000 after acquiring an additional 177,114 shares in the last quarter. Finally, Amundi increased its position in shares of Nasdaq by 19.6% during the first quarter. Amundi now owns 2,910,390 shares of the financial services provider's stock worth $247,063,000 after acquiring an additional 476,913 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NDAQ has been the topic of a number of analyst reports. Raymond James Financial reduced their target price on shares of Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. TD Cowen reduced their target price on Nasdaq from $108.00 to $107.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Zacks Research lowered Nasdaq from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 21st. The Goldman Sachs Group increased their price target on Nasdaq from $109.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, October 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Nasdaq in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.53.
Read Our Latest Report on Nasdaq
Nasdaq Company Profile
(
Get Free Report)
Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.
Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.
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