Nasdaq (NASDAQ:NDAQ) EVP Jeremy Skule Sells 1,125 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $106,875.00. Following the completion of the transaction, the executive vice president owned 100,073 shares of the company’s stock, valued at $9,506,935. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 Trading Down 0.9%

NDAQ traded down $0.89 during midday trading on Thursday, hitting $94.55. The company’s stock had a trading volume of 3,164,199 shares, compared to its average volume of 3,856,326. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The firm has a 50-day moving average price of $94.91 and a two-hundred day moving average price of $89.79. 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 firm has a market cap of $52.85 billion, a P/E ratio of 27.57, a PEG ratio of 1.65 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Analyst Ratings Changes

Several research analysts recently weighed in on NDAQ shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. TD Cowen restated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Barclays restated an “overweight” rating and issued a $111.00 price objective (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.30.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Nasdaq during the second quarter worth about $2,931,637,000. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after buying an additional 378,577 shares during the period. Bank of America Corp DE purchased a new stake in shares of Nasdaq during the 2nd quarter valued at about $603,631,000. Nuveen LLC lifted its position in Nasdaq by 82.0% during the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider’s stock worth $589,897,000 after acquiring an additional 2,736,322 shares in the last quarter. Finally, Norges Bank acquired a new position in Nasdaq during the 4th quarter worth approximately $530,100,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

About Nasdaq

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.