Nasdaq (NASDAQ:NDAQ) Stock: Insider Jeremy Skule Sells 1,125 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $94.13, for a total value of $105,896.25. Following the sale, the executive vice president owned 97,686 shares in the company, valued at approximately $9,195,183.18. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 22nd, Jeremy Skule sold 1,125 shares of Nasdaq stock. The shares were sold at an average price of $95.00, for a total value of $106,875.00.
• On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $94.22, for a total value of $105,997.50.

Nasdaq Stock Performance

Shares of Nasdaq stock traded down $1.52 on Wednesday, reaching $91.96. 3,491,655 shares of the stock were exchanged, compared to its average volume of 3,795,025. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The firm has a market capitalization of $51.40 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.68 and a beta of 0.99. The business has a 50 day moving average price of $94.77 and a two-hundred day moving average price of $90.45.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. Analysts anticipate that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Analyst Ratings Changes

Several research firms have recently commented on NDAQ. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Zacks Research lowered shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nasdaq from $115.00 to $116.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Nasdaq from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.83.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors have recently modified their holdings of NDAQ. BlackRock Inc. acquired a new position in Nasdaq in the 2nd quarter worth about $2,931,637,000. Bank of America Corp DE acquired a new stake in Nasdaq in the second quarter valued at approximately $603,631,000. The Manufacturers Life Insurance Company acquired a new stake in Nasdaq in the second quarter valued at approximately $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Nasdaq by 4.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock valued at $306,145,000 after buying an additional 177,114 shares in the last quarter. Finally, Amundi increased its position in shares of Nasdaq by 19.6% in the first quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock valued at $247,063,000 after buying an additional 476,913 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.