Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $201,006.45 in Stock

Key Points

• Nasdaq's EVP Jeremy Skule sold 2,105 shares of the company's stock for $201,006.45 on August 1st, representing a 2.22% decrease in his position.
• The company reported strong quarterly earnings with an EPS of $0.85, surpassing analysts' expectations by $0.07, and a revenue increase of 12.7% year-over-year.
• Nasdaq recently declared a quarterly dividend of $0.27 per share, representing a 1.1% dividend yield, to be paid on September 26th.

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jeremy Skule also recently made the following trade(s):

• On Tuesday, July 1st, Jeremy Skule sold 2,105 shares of Nasdaq stock. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85.

Nasdaq Stock Down 0.7%

Shares of NASDAQ:NDAQ traded down $0.64 during midday trading on Tuesday, reaching $96.28. The company had a trading volume of 2,464,087 shares, compared to its average volume of 3,337,659. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock's fifty day moving average price is $88.60 and its 200-day moving average price is $81.42. The stock has a market capitalization of $55.24 billion, a P/E ratio of 37.03, a PEG ratio of 2.11 and a beta of 1.00. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.22.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq's payout ratio is 41.54%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and set a $96.00 price objective (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Barclays increased their price target on shares of Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Oppenheimer restated an "outperform" rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $97.06.

Hedge Funds Weigh In On Nasdaq

Hedge funds and other institutional investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its holdings in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 120 shares during the period. Access Investment Management LLC acquired a new position in shares of Nasdaq during the second quarter valued at $28,000. Grove Bank & Trust grew its position in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Highline Wealth Partners LLC grew its position in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Nasdaq in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 72.47% of the company's stock.

About Nasdaq

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.

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