Nasdaq Inc (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.38 per share by the financial services provider on Friday, March 30th. This represents a $1.52 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, March 15th.
Nasdaq (NASDAQ NDAQ) opened at $85.25 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Nasdaq has a 1-year low of $65.98 and a 1-year high of $87.00. The firm has a market cap of $14,305.89, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.84 and a beta of 0.70.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The business had revenue of $635.00 million for the quarter, compared to the consensus estimate of $628.36 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts forecast that Nasdaq will post 4.82 EPS for the current fiscal year.
Nasdaq declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, Director Charlene T. Begley sold 4,017 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total value of $326,863.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the sale, the insider now owns 32,214 shares in the company, valued at approximately $2,599,669.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,837 shares of company stock worth $3,442,932. Company insiders own 1.60% of the company’s stock.
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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