Bryan Everard Smith Sells 7,400 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nasdaq Trading Up 0.4 %

Shares of NASDAQ NDAQ opened at $61.58 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $35.46 billion, a PE ratio of 29.18, a PEG ratio of 2.90 and a beta of 0.93. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $63.52. The stock has a fifty day simple moving average of $58.46 and a 200-day simple moving average of $55.06.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. Nasdaq’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. On average, equities analysts forecast that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s payout ratio is 41.71%.

Analyst Ratings Changes

NDAQ has been the subject of several analyst reports. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. Citigroup lifted their target price on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. UBS Group increased their price target on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $82.00 price objective on shares of Nasdaq in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

View Our Latest Stock Report on NDAQ

Institutional Investors Weigh In On Nasdaq

Several large investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. grew its stake in shares of Nasdaq by 51.3% in the fourth quarter. Nomura Holdings Inc. now owns 6,868 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 2,328 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $246,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Nasdaq in the fourth quarter worth $287,000. Vanguard Group Inc. grew its stake in shares of Nasdaq by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 45,065,891 shares of the financial services provider’s stock worth $2,620,131,000 after acquiring an additional 745,965 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $259,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

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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