Nasdaq, Inc. (NASDAQ:NDAQ) insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Edward S. Knight also recently made the following trade(s):
- On Monday, August 14th, Edward S. Knight sold 14,629 shares of Nasdaq stock. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded down 1.80% during trading on Friday, reaching $74.91. The company had a trading volume of 1,542,030 shares. The company has a market capitalization of $12.49 billion, a P/E ratio of 56.92 and a beta of 0.76. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a 50-day moving average price of $73.62 and a 200-day moving average price of $70.58.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, analysts predict that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.
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Several institutional investors have recently made changes to their positions in NDAQ. BlackRock Inc. boosted its position in shares of Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after buying an additional 9,303,493 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Nasdaq during the second quarter valued at $97,982,000. NN Investment Partners Holdings N.V. boosted its position in Nasdaq by 26,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after buying an additional 1,173,778 shares during the last quarter. Bessemer Group Inc. boosted its position in Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after buying an additional 707,537 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new position in Nasdaq during the second quarter worth approximately $40,996,000. Institutional investors own 75.44% of the company’s stock.
A number of brokerages have issued reports on NDAQ. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the stock a “hold” rating in a research report on Monday, July 17th. Evercore ISI reissued an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a research report on Friday, April 28th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.30.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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