Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule Sells 12,075 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jeremy Skule also recently made the following trade(s):

• On Wednesday, November 6th, Jeremy Skule sold 12,000 shares of Nasdaq stock. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00.

Nasdaq Stock Down 0.1 %

Shares of NDAQ opened at $80.08 on Thursday. The company’s 50-day simple moving average is $74.78 and its 200-day simple moving average is $67.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $81.08. The stock has a market capitalization of $46.03 billion, a PE ratio of 47.95, a P/E/G ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Analysts forecast that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq’s payout ratio is 57.49%.

Institutional Trading of Nasdaq

Several hedge funds have recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth about $27,000. Y.D. More Investments Ltd boosted its holdings in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in Nasdaq in the second quarter valued at approximately $26,000. Claro Advisors LLC acquired a new stake in Nasdaq during the third quarter worth approximately $33,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. TD Cowen cut their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday, October 14th. Finally, StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.