Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Friday, September 15th will be given 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 1.99%. The ex-dividend date of this dividend is Thursday, September 14th.
Nasdaq (NASDAQ NDAQ) opened at 76.32 on Wednesday. Nasdaq has a 12-month low of $63.30 and a 12-month high of $77.75. The firm has a 50-day moving average of $75.31 and a 200-day moving average of $71.24. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 57.99 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Nasdaq will post $4.17 earnings per share for the current fiscal year.
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In related news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on NDAQ shares. BidaskClub raised 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 Nasdaq and gave the company a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. started coverage on Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC started coverage on Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 target price on the stock. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.10.
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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