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 business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Nasdaq Stock Up 1.4 %

NDAQ stock opened at $82.86 on Thursday. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a fifty day moving average price of $79.54 and a 200 day moving average price of $75.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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%. Sell-side analysts expect that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Analysts Set New Price Targets

Several research firms have commented on NDAQ. Barclays lowered their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Morgan Stanley upped their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Oppenheimer boosted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Five equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Nasdaq by 10.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 192 shares during the period. Metis Global Partners LLC lifted its stake in shares of Nasdaq by 22.8% in the 4th quarter. Metis Global Partners LLC now owns 33,835 shares of the financial services provider’s stock worth $2,616,000 after acquiring an additional 6,282 shares during the period. US Bancorp DE boosted its holdings in shares of Nasdaq by 1.8% in the fourth quarter. US Bancorp DE now owns 47,159 shares of the financial services provider’s stock valued at $3,646,000 after acquiring an additional 821 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $210,000. Finally, First American Bank increased its stake in shares of Nasdaq by 2.0% during the fourth quarter. First American Bank now owns 31,485 shares of the financial services provider’s stock worth $2,434,000 after acquiring an additional 624 shares during the period. 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.