Nasdaq Inc (NDAQ) Director Sells $326,863.29 in Stock
Nasdaq Inc (NASDAQ:NDAQ) Director Charlene T. Begley sold 4,017 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total transaction of $326,863.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Nasdaq Inc (NASDAQ NDAQ) opened at $77.27 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. Nasdaq Inc has a 1-year low of $65.98 and a 1-year high of $83.29. The firm has a market cap of $12,919.11, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. equities research analysts predict that Nasdaq Inc will post 4.8 earnings per share for the current year.
Nasdaq declared that its board has approved a share repurchase program on Monday, January 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
A number of research analysts recently issued reports on NDAQ shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 target price on shares of Nasdaq in a research note on Thursday, October 12th. Royal Bank of Canada set a $78.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Citigroup raised their target price on shares of Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Barclays lowered their target price on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $81.86.
Large investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Nasdaq by 2.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after acquiring an additional 8,695 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Nasdaq by 32.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 167,237 shares of the financial services provider’s stock worth $12,973,000 after acquiring an additional 41,323 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Nasdaq by 14.5% during the 3rd quarter. Toronto Dominion Bank now owns 44,242 shares of the financial services provider’s stock worth $3,431,000 after acquiring an additional 5,610 shares during the period. BB&T Corp lifted its holdings in shares of Nasdaq by 35.7% during the 3rd quarter. BB&T Corp now owns 89,849 shares of the financial services provider’s stock worth $6,969,000 after acquiring an additional 23,629 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Nasdaq by 6.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 645,200 shares of the financial services provider’s stock worth $50,048,000 after purchasing an additional 40,000 shares in the last quarter. 76.11% of the stock is owned by institutional investors.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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