Insider Selling: Nasdaq (NASDAQ:NDAQ) EVP Sells $179,767.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Nasdaq Stock Performance

NDAQ stock opened at $87.24 on Friday. The company has a 50 day moving average price of $89.61 and a 200 day moving average price of $88.10. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $49.81 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is currently 38.57%.

Analysts Set New Price Targets

Several analysts have commented on NDAQ shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Barclays set a $109.00 price objective on Nasdaq and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. TD Cowen upped their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $90.00 price objective on shares of Nasdaq and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

Institutional Trading of Nasdaq

Hedge funds have recently bought and sold shares of the stock. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Nasdaq in the 1st quarter valued at approximately $222,000. 111 Capital grew its stake in shares of Nasdaq by 67.0% during the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 4,450 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Nasdaq in the first quarter valued at approximately $664,000. Fiduciary Alliance LLC lifted its position in shares of Nasdaq by 18.9% in the second quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 3,976 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Nasdaq by 6.3% during the second quarter. Czech National Bank now owns 101,041 shares of the financial services provider’s stock worth $9,035,000 after purchasing an additional 6,005 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.