Nasdaq Inc (NASDAQ:NDAQ) EVP Thomas A. Wittman sold 13,561 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $88.04, for a total value of $1,193,910.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NDAQ stock opened at $89.44 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $14.83 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.25 and a beta of 0.63. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.05. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. Nasdaq’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. As a group, sell-side analysts predict that Nasdaq Inc will post 4.98 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $96.14.
Several hedge funds have recently bought and sold shares of NDAQ. Capital Investment Advisory Services LLC purchased a new stake in Nasdaq in the fourth quarter worth approximately $43,000. Doyle Wealth Management purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $51,000. Meeder Asset Management Inc. purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $77,000. Federated Investors Inc. PA purchased a new stake in shares of Nasdaq during the third quarter valued at approximately $106,000. Finally, Enlightenment Research LLC purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $106,000. Institutional investors own 76.07% of the company’s stock.
WARNING: This piece of content was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/nasdaq-inc-ndaq-evp-thomas-a-wittman-sells-13561-shares.html.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
Featured Story: Short Selling
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.