Insider Selling: Nasdaq Inc (NASDAQ:NDAQ) EVP Sells 13,561 Shares of Stock

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.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.10%. This is a boost from Nasdaq’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, June 13th. Nasdaq’s dividend payout ratio is 36.36%.

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.

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About Nasdaq

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.

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