Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $285,460.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $83.76 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $79.55 and a 200 day moving average of $75.24. The firm has a market capitalization of $48.14 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts expect that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its stake in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the period. Allworth Financial LP boosted its holdings in shares of Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after buying an additional 141 shares in the last quarter. First Pacific Financial grew its position in shares of Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after buying an additional 148 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NDAQ shares. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. increased their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup boosted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

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.