Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $181,826.04 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now directly owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 1st, Bryan Everard Smith sold 7,400 shares of Nasdaq stock. The shares were sold at an average price of $62.91, for a total value of $465,534.00.

Nasdaq Stock Performance

Shares of NDAQ opened at $60.87 on Friday. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The firm has a market capitalization of $35.01 billion, a PE ratio of 32.04, a P/E/G ratio of 3.32 and a beta of 0.94. The firm has a 50-day moving average price of $60.34 and a 200 day moving average price of $56.82. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is currently 46.32%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods lowered their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Oppenheimer increased their target price on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Citigroup boosted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Finally, Edward Jones began coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.92.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in Nasdaq by 1.6% in the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 183 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Cigna Investments Inc. New lifted its stake in Nasdaq by 5.6% during the first quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 205 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Nasdaq by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock worth $233,000 after buying an additional 255 shares in the last quarter. Finally, Bollard Group LLC grew its position in Nasdaq by 0.4% in the fourth quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock worth $4,144,000 after buying an additional 274 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

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.