Nasdaq (NASDAQ:NDAQ) Insider Cohen Tal Sells 2,286 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,286 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $109.40, for a total transaction of $250,088.40. Following the transaction, the insider owned 200,501 shares of the company’s stock, valued at $21,934,809.40. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cohen Tal also recently made the following trade(s):

• On Tuesday, November 3rd, Tal Cohen sold 2,289 shares of Nasdaq stock. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45.
• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60.

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.29 on Friday, hitting $107.12. The company had a trading volume of 3,334,977 shares, compared to its average volume of 3,359,924. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $111.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $59.45 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95. The company has a 50-day moving average price of $96.60 and a 200-day moving average price of $90.89.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $0.88 earnings per share. Nasdaq’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq’s dividend payout ratio (DPR) is currently 33.88%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Argus upped their price objective on shares of Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Wells Fargo & Company raised their target price on Nasdaq from $100.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Rothschild & Co Redburn reduced their price target on Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, Bank of America lowered their price target on Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. Diversified Trust Co raised its holdings in shares of Nasdaq by 98.1% during the third quarter. Diversified Trust Co now owns 10,670 shares of the financial services provider’s stock valued at $982,000 after acquiring an additional 5,285 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Nasdaq by 23.7% during the third quarter. Moors & Cabot Inc. now owns 7,012 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 1,342 shares in the last quarter. Allworth Financial LP increased its position in shares of Nasdaq by 17.8% during the third quarter. Allworth Financial LP now owns 5,774 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 873 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Nasdaq by 109.5% during the third quarter. Fisher Asset Management LLC now owns 6,509 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 3,402 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Nasdaq in the 3rd quarter valued at $401,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

About Nasdaq

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.