Jeremy Skule Sells 2,100 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQGet Rating) EVP Jeremy Skule sold 2,100 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $65.44, for a total transaction of $137,424.00. Following the completion of the transaction, the executive vice president now directly owns 54,381 shares in the company, valued at $3,558,692.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, October 21st, Jeremy Skule sold 2,100 shares of Nasdaq stock. The stock was sold at an average price of $56.86, for a total transaction of $119,406.00.
  • On Wednesday, September 21st, Jeremy Skule sold 2,100 shares of Nasdaq stock. The stock was sold at an average price of $59.80, for a total transaction of $125,580.00.

Nasdaq Stock Up 0.9 %

NDAQ stock opened at $67.13 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.96 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $46.77 and a 52-week high of $70.55. The company has a 50-day moving average of $60.67 and a two-hundred day moving average of $57.06. The stock has a market capitalization of $32.98 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 5.37 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Nasdaq had a net margin of 18.72% and a return on equity of 22.08%. The company had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $884.15 million. During the same period in the prior year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 1st. Nasdaq’s dividend payout ratio (DPR) is 35.04%.

Institutional Investors Weigh In On Nasdaq

Hedge funds have recently bought and sold shares of the company. Aviva PLC boosted its holdings in Nasdaq by 16.6% during the second quarter. Aviva PLC now owns 33,661 shares of the financial services provider’s stock valued at $5,135,000 after acquiring an additional 4,793 shares during the period. Advisory Services Network LLC lifted its stake in shares of Nasdaq by 92.3% in the second quarter. Advisory Services Network LLC now owns 2,181 shares of the financial services provider’s stock valued at $333,000 after buying an additional 1,047 shares during the period. State of Michigan Retirement System lifted its stake in shares of Nasdaq by 5.4% in the second quarter. State of Michigan Retirement System now owns 31,130 shares of the financial services provider’s stock valued at $4,749,000 after buying an additional 1,600 shares during the period. Thames Capital Management LLC bought a new stake in shares of Nasdaq in the second quarter valued at about $2,341,000. Finally, Metis Global Partners LLC lifted its stake in shares of Nasdaq by 16.4% in the second quarter. Metis Global Partners LLC now owns 2,158 shares of the financial services provider’s stock valued at $329,000 after buying an additional 304 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Bank of America downgraded shares of Nasdaq from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $65.00 to $58.00 in a research note on Friday, October 14th. Atlantic Securities downgraded shares of Nasdaq from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $63.33 to $66.67 in a research note on Friday, August 19th. JPMorgan Chase & Co. raised shares of Nasdaq from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, October 6th. Credit Suisse Group upped their price target on shares of Nasdaq to $58.00 in a research note on Tuesday, November 15th. Finally, Redburn Partners started coverage on shares of Nasdaq in a research report on Monday, November 14th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.44.

Nasdaq Company Profile

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Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.

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Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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