Insider Selling: Nasdaq, Inc. (NDAQ) Director Sells $231,815.85 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) Director Lars Wedenborn sold 3,045 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.94 on Friday. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The company has a 50-day moving average price of $74.00 and a 200-day moving average price of $70.73. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 56.95 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock valued at $1,069,202,000 after buying an additional 146,050 shares during the period. Vanguard Group Inc. raised its position in Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after buying an additional 208,253 shares during the period. BlackRock Inc. raised its position in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after buying an additional 9,303,493 shares during the period. State Street Corp raised its position in Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock valued at $367,865,000 after buying an additional 20,813 shares during the period. Finally, Clearbridge Investments LLC raised its position in Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after buying an additional 358,414 shares during the period. 75.44% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on NDAQ shares. Royal Bank Of Canada raised their price objective on Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Deutsche Bank AG lowered their price objective on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Evercore ISI reissued an “in-line” rating and issued a $74.00 price objective on shares of Nasdaq in a research report on Friday, April 28th. UBS AG reissued a “buy” rating and issued a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. Finally, BidaskClub raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $75.30.

About Nasdaq

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.