Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $1,102,179.12 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nasdaq Price Performance

Nasdaq stock opened at $75.55 on Friday. The firm’s 50-day moving average is $79.17 and its two-hundred day moving average is $77.40. 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 $58.10 and a 12-month high of $84.15. The stock has a market capitalization of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio is presently 50.00%.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of NDAQ. Empowered Funds LLC boosted its position in shares of Nasdaq by 25.4% in the third quarter. Empowered Funds LLC now owns 8,860 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 1,795 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Nasdaq by 6.2% in the third quarter. Mutual of America Capital Management LLC now owns 50,959 shares of the financial services provider’s stock valued at $3,721,000 after buying an additional 2,974 shares during the period. Claro Advisors LLC purchased a new position in Nasdaq in the third quarter valued at approximately $203,000. Thrivent Financial for Lutherans raised its holdings in Nasdaq by 6.4% in the third quarter. Thrivent Financial for Lutherans now owns 873,131 shares of the financial services provider’s stock valued at $63,747,000 after buying an additional 52,240 shares during the period. Finally, Quest Partners LLC purchased a new position in Nasdaq in the third quarter valued at approximately $124,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NDAQ shares. JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.