Lars Wedenborn Sells 1,946 Shares of Nasdaq Inc (NDAQ) Stock

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Nasdaq Inc (NASDAQ:NDAQ) Director Lars Wedenborn sold 1,946 shares of Nasdaq stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ NDAQ opened at $90.30 on Monday. The firm has a market cap of $14.96 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.30 and a beta of 0.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49. Nasdaq Inc has a fifty-two week low of $75.49 and a fifty-two week high of $96.84.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.05. The company had revenue of $638.00 million for the quarter, compared to the consensus estimate of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. Nasdaq’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. On average, equities research analysts anticipate that Nasdaq Inc will post 4.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, June 13th. Nasdaq’s payout ratio is presently 36.36%.

A number of analysts have commented on NDAQ shares. BidaskClub raised Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Argus started coverage on Nasdaq in a report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 target price for the company. Raymond James reduced their target price on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. Finally, Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, March 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.92.

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Nasdaq in the fourth quarter worth about $93,156,000. Findlay Park Partners LLP lifted its position in shares of Nasdaq by 70.5% in the fourth quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock worth $152,944,000 after buying an additional 775,000 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Nasdaq by 333.1% in the first quarter. First Trust Advisors LP now owns 514,822 shares of the financial services provider’s stock worth $45,042,000 after buying an additional 395,962 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Nasdaq by 676.5% in the first quarter. Voya Investment Management LLC now owns 409,154 shares of the financial services provider’s stock worth $35,796,000 after buying an additional 356,463 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Nasdaq by 277.6% in the fourth quarter. Millennium Management LLC now owns 318,740 shares of the financial services provider’s stock worth $26,000,000 after buying an additional 234,328 shares in the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

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About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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