Nasdaq (NASDAQ:NDAQ) SVP Sells $117,508.86 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares in the company, valued at $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Nasdaq Price Performance

Shares of NDAQ stock opened at $91.91 on Friday. Nasdaq, Inc. has a 1 year low of $75.54 and a 1 year high of $101.79. The firm’s 50 day moving average is $86.49 and its 200-day moving average is $89.65. The firm has a market capitalization of $51.98 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.86 and a beta of 1.02. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Nasdaq’s quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts forecast that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is currently 32.53%.

Institutional Investors Weigh In On Nasdaq

Large investors have recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in shares of Nasdaq during the fourth quarter worth $28,000. Tripletail Wealth Management LLC bought a new stake in shares of Nasdaq during the third quarter worth $27,000. Westside Investment Management Inc. increased its position in shares of Nasdaq by 100.0% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. West Branch Capital LLC bought a new stake in shares of Nasdaq during the third quarter worth $29,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Nasdaq during the third quarter worth $30,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NDAQ. Barclays increased their price objective on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the company an “overweight” rating in a report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $107.15.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.