Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
Nasdaq Trading Up 1.0 %
Shares of NASDAQ:NDAQ traded up $1.86 during mid-day trading on Monday, reaching $192.28. The company had a trading volume of 33,204 shares, compared to its average volume of 935,135. Nasdaq has a 52 week low of $140.31 and a 52 week high of $214.96. The business's 50-day moving average is $163.08 and its 200-day moving average is $166.14. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.98 and a beta of 0.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80.
Shares of Nasdaq are scheduled to split on the morning of Monday, August 29th. The 3-1 split was announced on Wednesday, July 20th. The newly issued shares will be payable to shareholders after the closing bell on Friday, August 26th.
Nasdaq (NASDAQ:NDAQ - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.91 by $0.16. Nasdaq had a return on equity of 21.14% and a net margin of 19.25%. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $881.86 million. During the same period last year, the business posted $1.90 EPS. Nasdaq's quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Nasdaq will post 7.98 earnings per share for the current year.
Nasdaq Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, September 15th. Nasdaq's dividend payout ratio (DPR) is presently 35.45%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Nasdaq from $239.00 to $197.00 and set an "overweight" rating for the company in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $188.00 to $205.00 and gave the company a "buy" rating in a report on Friday. Rosenblatt Securities raised their price objective on Nasdaq from $199.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, April 21st. Jefferies Financial Group cut their target price on Nasdaq from $182.00 to $174.00 in a research report on Monday, June 27th. Finally, Credit Suisse Group raised their price target on Nasdaq from $189.00 to $202.00 in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.82.
Insiders Place Their Bets
In other news, EVP Jeremy Skule sold 1,400 shares of the business's stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $160.00, for a total value of $224,000.00. Following the completion of the sale, the executive vice president now owns 21,504 shares in the company, valued at approximately $3,440,640. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Jeremy Skule sold 1,400 shares of Nasdaq stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $160.00, for a total transaction of $224,000.00. Following the transaction, the executive vice president now directly owns 21,504 shares of the company's stock, valued at $3,440,640. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Roland Chai sold 2,832 shares of the stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $170.89, for a total transaction of $483,960.48. Following the sale, the executive vice president now directly owns 7,657 shares of the company's stock, valued at $1,308,504.73. The disclosure for this sale can be found here. Insiders have sold a total of 5,311 shares of company stock worth $893,290 in the last three months. Corporate insiders own 0.68% of the company's stock.
