Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Nasdaq Stock Performance
Shares of NDAQ opened at $76.58 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $44.04 billion, a PE ratio of 39.89, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The stock has a fifty day moving average price of $79.20 and a 200-day moving average price of $77.38.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NDAQ. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after buying an additional 376,893 shares during the last quarter. Wellington Management Group LLP lifted its position in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp grew its stake in Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after purchasing an additional 257,465 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.
Wall Street Analyst Weigh In
NDAQ has been the topic of a number of research analyst reports. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Citigroup increased their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Oppenheimer raised their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. StockNews.com cut Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.
Read Our Latest Research Report on NDAQ
About Nasdaq
(
Get Free Report)
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.
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