Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.38 per share by the financial services provider on Friday, September 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th.
Nasdaq (NASDAQ:NDAQ) opened at 75.03 on Wednesday. The firm has a market cap of $12.51 billion, a PE ratio of 57.01 and a beta of 0.77. Nasdaq has a 12 month low of $63.30 and a 12 month high of $77.75. The firm’s 50-day moving average is $75.09 and its 200-day moving average is $71.08.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share 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 company had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Nasdaq will post $4.17 earnings per share for the current year.
NDAQ has been the subject of several research reports. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. initiated coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective for the company. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and an average target price of $76.10.
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In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 over the last ninety days. Insiders own 1.60% of the company’s stock.
Nasdaq Company Profile
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.
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