Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 865 shares of the business's stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $196.65, for a total value of $170,102.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Nasdaq stock traded up $0.33 on Wednesday, reaching $195.88. 13,607 shares of the company's stock were exchanged, compared to its average volume of 785,546. The company has a market capitalization of $32.75 billion, a P/E ratio of 29.07 and a beta of 0.84. Nasdaq, Inc. has a 52 week low of $118.01 and a 52 week high of $199.88. The firm's 50-day moving average is $188.51 and its two-hundred day moving average is $170.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.02.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, July 20th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.17. The firm had revenue of $846.00 million for the quarter, compared to analysts' expectations of $825.84 million. Nasdaq had a return on equity of 18.34% and a net margin of 18.97%. The company's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. On average, analysts expect that Nasdaq, Inc. will post 7.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, September 9th. Nasdaq's payout ratio is 34.95%.
Institutional investors have recently bought and sold shares of the business. Grandview Asset Management LLC bought a new position in shares of Nasdaq during the 1st quarter worth approximately $26,000. E Fund Management Co. Ltd. bought a new position in shares of Nasdaq during the 1st quarter worth approximately $30,000. Twin Lakes Capital Management LLC acquired a new position in shares of Nasdaq during the first quarter worth approximately $37,000. Meeder Asset Management Inc. raised its position in shares of Nasdaq by 33.9% during the second quarter. Meeder Asset Management Inc. now owns 245 shares of the financial services provider's stock worth $43,000 after purchasing an additional 62 shares during the period. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Nasdaq during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 71.40% of the company's stock.
NDAQ has been the topic of several research reports. Morgan Stanley boosted their price target on Nasdaq from $208.00 to $222.00 and gave the stock an "overweight" rating in a report on Friday, July 23rd. Zacks Investment Research cut Nasdaq from a "buy" rating to a "hold" rating and set a $177.00 price target on the stock. in a report on Wednesday, June 9th. Citigroup boosted their price target on Nasdaq from $181.00 to $193.00 and gave the stock a "neutral" rating in a report on Thursday, July 22nd. They noted that the move was a valuation call. Piper Sandler boosted their price target on Nasdaq from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 12th. Finally, Oppenheimer began coverage on Nasdaq in a report on Wednesday, July 21st. They set a "buy" rating and a $195.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $179.04.
Nasdaq Company Profile
Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses.
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