Nasdaq (NASDAQ:NDAQ) EVP Jeremy Skule Sells 1,125 Shares of Stock

Key Points

• Nasdaq EVP Jeremy Skule sold 1,125 shares at an average price of $94.22, generating approximately $106,000. He retains 101,198 shares, and the sale reduced his ownership by 1.1%.
• Nasdaq shares traded around $91.57, with the company valued at approximately $51.2 billion. The stock has ranged from $76.55 to $101.79 over the past year.
• Nasdaq reported quarterly adjusted EPS of $1.07, exceeding estimates of $0.98, while revenue rose 14.9% year over year to $2.53 billion. Analysts maintain a generally positive outlook, with an average “Buy” rating and a $110.30 price target.

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Jeremy Skule sold 1,125 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $94.22, for a total transaction of $105,997.50. Following the sale, the executive vice president directly owned 101,198 shares in the company, valued at $9,534,875.56. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.38 during mid-day trading on Monday, hitting $91.57. The stock had a trading volume of 2,480,502 shares, compared to its average volume of 3,862,123. The firm has a market cap of $51.19 billion, a PE ratio of 26.70, a PEG ratio of 1.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average of $94.12 and a two-hundred day moving average of $89.48. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio (DPR) is presently 36.15%.

Analyst Ratings Changes

NDAQ has been the topic of several research reports. Morgan Stanley reiterated an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. TD Cowen reaffirmed a "buy" rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Zacks Research upgraded shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Raymond James Financial reissued an "outperform" rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Nasdaq has an average rating of "Buy" and an average price target of $110.30.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of Nasdaq by 16.9% in the second quarter. Sequoia Financial Advisors LLC now owns 85,621 shares of the financial services provider's stock worth $6,749,000 after acquiring an additional 12,398 shares during the period. Tidal Investments LLC increased its stake in shares of Nasdaq by 2.8% in the 2nd quarter. Tidal Investments LLC now owns 66,321 shares of the financial services provider's stock valued at $5,227,000 after purchasing an additional 1,836 shares in the last quarter. MCF Advisors LLC raised its holdings in Nasdaq by 187.2% in the 2nd quarter. MCF Advisors LLC now owns 899 shares of the financial services provider's stock worth $71,000 after purchasing an additional 586 shares during the period. National Pension Service raised its holdings in Nasdaq by 3.1% in the 2nd quarter. National Pension Service now owns 712,564 shares of the financial services provider's stock worth $56,164,000 after purchasing an additional 21,416 shares during the period. Finally, Capital Analysts LLC raised its holdings in Nasdaq by 2.9% in the 2nd quarter. Capital Analysts LLC now owns 9,073 shares of the financial services provider's stock worth $715,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

About Nasdaq

Nasdaq, Inc NASDAQ: NDAQ operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq's businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.

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