Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $47,179.17 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bryan Everard Smith also recently made the following trade(s):

• On Monday, February 3rd, Bryan Everard Smith sold 3,500 shares of Nasdaq stock. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00.

Nasdaq Trading Down 0.7 %

Shares of NASDAQ:NDAQ traded down $0.51 during mid-day trading on Monday, reaching $67.74. 6,066,566 shares of the company were exchanged, compared to its average volume of 2,792,113. The firm has a market cap of $38.96 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The firm’s 50-day simple moving average is $78.53 and its 200 day simple moving average is $77.69.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Nasdaq during the 4th quarter worth $424,285,000. Ameriprise Financial Inc. increased its stake in shares of Nasdaq by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider’s stock worth $464,676,000 after buying an additional 1,650,201 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Nasdaq in the fourth quarter valued at approximately $110,867,000. Raymond James Financial Inc. purchased a new position in Nasdaq in the fourth quarter worth approximately $105,481,000. Finally, Franklin Resources Inc. increased its position in shares of Nasdaq by 13.4% in the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after purchasing an additional 1,225,672 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays lowered their price objective on Nasdaq from $95.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Citigroup boosted their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.44.

About Nasdaq

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.