Nasdaq (NASDAQ:NDAQ) EVP Jeremy Skule Sells 1,125 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $94.13, for a total value of $105,896.25. Following the completion of the transaction, the executive vice president directly owned 97,686 shares of the company’s stock, valued at $9,195,183.18. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jeremy Skule also recently made the following trade(s):

• On Tuesday, September 22nd, Jeremy Skule sold 1,125 shares of Nasdaq stock. The shares were sold at an average price of $95.00, for a total value of $106,875.00.
• On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The shares were sold at an average price of $94.22, for a total value of $105,997.50.

Nasdaq Price Performance

NDAQ stock opened at $91.96 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The stock’s 50 day moving average is $94.72 and its two-hundred day moving average is $90.50. The company has a market capitalization of $51.40 billion, a PE ratio of 26.81, a P/E/G ratio of 1.67 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. Nasdaq’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. Analysts predict that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NDAQ shares. Bank of America decreased their target price on Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. TD Cowen dropped their price target on Nasdaq from $108.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $115.00 to $116.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Nasdaq from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Finally, Rothschild & Co Redburn reduced their price objective on Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.83.

Institutional Investors Weigh In On Nasdaq

Institutional investors have recently modified their holdings of the business. Fiduciary Financial Advisors acquired a new stake in Nasdaq in the second quarter worth about $25,000. Eastern Bank grew its position in Nasdaq by 168.0% in the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. MV Capital Management Inc. bought a new position in Nasdaq in the 4th quarter valued at about $28,000. Keating Financial Advisory Services Inc. acquired a new position in Nasdaq during the 2nd quarter valued at about $37,000. Finally, Signature Equity Partners LLC increased its stake in Nasdaq by 60.3% during the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock valued at $40,000 after buying an additional 178 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.