Nasdaq, Inc. (NDAQ) To Go Ex-Dividend on March 16th

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Monday, March 16th will be given a dividend of 0.27 per share by the financial services provider on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, March 16th.

Nasdaq has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Nasdaq has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nasdaq to earn $3.61 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.9%.

Nasdaq Trading Down 1.2%

Shares of NDAQ opened at $96.89 on Friday. Nasdaq has a fifty-two week low of $64.84 and a fifty-two week high of $101.79. The business has a 50-day moving average of $95.74 and a 200 day moving average of $92.61. The firm has a market cap of $55.32 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Nasdaq will post 3.18 EPS for the current year.

Insider Buying and Selling

In other Nasdaq news, 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 value of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 306,605 shares of company stock worth $29,546,812 in the last quarter. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citizens Financial Group Inc. RI grew its position in Nasdaq by 35.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,316 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 1,386 shares during the last quarter. Delta Investment Management LLC grew its holdings in shares of Nasdaq by 9.8% in the fourth quarter. Delta Investment Management LLC now owns 3,358 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 300 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Nasdaq by 0.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,955 shares of the financial services provider’s stock worth $14,468,000 after buying an additional 1,392 shares during the period. First Fiduciary Investment Counsel Inc. raised its holdings in Nasdaq by 2.1% during the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 160,532 shares of the financial services provider’s stock valued at $15,592,000 after buying an additional 3,361 shares during the last quarter. Finally, Flossbach Von Storch SE boosted its position in Nasdaq by 1.9% during the 4th quarter. Flossbach Von Storch SE now owns 1,147,947 shares of the financial services provider’s stock valued at $111,500,000 after buying an additional 21,042 shares during the period. 72.47% of the stock is owned by institutional investors.

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.