Nasdaq Inc (NASDAQ:NDAQ) insider Edward S. Knight sold 13,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the transaction, the insider now owns 73,569 shares in the company, valued at approximately $5,842,114.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nasdaq Inc (NASDAQ:NDAQ) opened at $79.12 on Thursday. Nasdaq Inc has a 52-week low of $65.98 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.05. The stock has a market cap of $13,150.00, a PE ratio of 20.77, a P/E/G ratio of 1.69 and a beta of 0.71.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The company had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. During the same quarter in the previous year, the company earned $0.95 earnings per share. Nasdaq’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts forecast that Nasdaq Inc will post 4.8 EPS for the current fiscal year.
Nasdaq declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, March 15th. Nasdaq’s dividend payout ratio is currently 39.90%.
Several hedge funds and other institutional investors have recently made changes to their positions in NDAQ. American Century Companies Inc. increased its position in shares of Nasdaq by 303.7% during the fourth quarter. American Century Companies Inc. now owns 1,033,797 shares of the financial services provider’s stock valued at $79,427,000 after buying an additional 777,702 shares during the period. Millennium Management LLC increased its position in shares of Nasdaq by 78.0% during the fourth quarter. Millennium Management LLC now owns 1,565,207 shares of the financial services provider’s stock valued at $120,255,000 after buying an additional 685,770 shares during the period. Mackenzie Financial Corp increased its position in shares of Nasdaq by 186.3% during the fourth quarter. Mackenzie Financial Corp now owns 983,236 shares of the financial services provider’s stock valued at $75,542,000 after buying an additional 639,843 shares during the period. Two Sigma Advisers LP increased its position in shares of Nasdaq by 321.8% during the fourth quarter. Two Sigma Advisers LP now owns 822,101 shares of the financial services provider’s stock valued at $63,162,000 after buying an additional 627,200 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Nasdaq by 41.7% during the fourth quarter. Deutsche Bank AG now owns 2,100,466 shares of the financial services provider’s stock valued at $161,374,000 after buying an additional 618,137 shares during the period. Institutional investors own 76.68% of the company’s stock.
NDAQ has been the topic of a number of analyst reports. UBS Group restated a “buy” rating and issued a $89.00 price objective (up previously from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. Barclays decreased their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Wells Fargo & Co restated a “market perform” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $82.05.
Nasdaq Company Profile
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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