Nasdaq Inc (NASDAQ:NDAQ) Director Charlene T. Begley Sells 6,160 Shares

Nasdaq Inc (NASDAQ:NDAQ) Director Charlene T. Begley sold 6,160 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $96.54, for a total value of $594,686.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NASDAQ:NDAQ traded up $0.19 during midday trading on Wednesday, hitting $95.45. The stock had a trading volume of 530,671 shares, compared to its average volume of 748,196. Nasdaq Inc has a one year low of $75.49 and a one year high of $97.47. The stock has a market cap of $15.81 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.64 and a beta of 0.62. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Nasdaq’s revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq Inc will post 4.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.88 annualized dividend and a yield of 1.97%. This is a boost from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s dividend payout ratio is 36.36%.

A number of research firms have recently commented on NDAQ. BidaskClub raised Nasdaq from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Bank of America reaffirmed a “neutral” rating and set a $88.00 target price on shares of Nasdaq in a research note on Friday, May 31st. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Finally, UBS Group upped their target price on Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Nasdaq presently has an average rating of “Buy” and a consensus price target of $97.15.

Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC grew its stake in Nasdaq by 2.2% in the first quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 137 shares in the last quarter. State Treasurer State of Michigan grew its stake in Nasdaq by 1.8% in the first quarter. State Treasurer State of Michigan now owns 33,411 shares of the financial services provider’s stock worth $2,923,000 after purchasing an additional 600 shares in the last quarter. Cibc Bank USA bought a new position in Nasdaq in the first quarter worth approximately $788,000. Commonwealth Equity Services LLC grew its stake in Nasdaq by 5.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,599 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 412 shares in the last quarter. Finally, PFG Advisors bought a new position in Nasdaq in the fourth quarter worth approximately $381,000. 76.14% of the stock is currently owned by institutional investors.

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About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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