Traders sold shares of Nasdaq Inc (NASDAQ:NDAQ) on strength during trading on Tuesday. $19.69 million flowed into the stock on the tick-up and $32.22 million flowed out of the stock on the tick-down, for a money net flow of $12.53 million out of the stock. Of all equities tracked, Nasdaq had the 0th highest net out-flow for the day. Nasdaq traded up $0.21 for the day and closed at $81.85
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, January 12th. Jefferies Group restated a “hold” rating and set a $83.50 price target on shares of Nasdaq in a report on Tuesday, January 16th. Wells Fargo & Co restated a “market perform” rating and set a $83.00 price target (up previously from $77.00) on shares of Nasdaq in a report on Wednesday, January 10th. Finally, UBS Group restated a “buy” rating and set a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.23.
The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $13,500.00, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. analysts expect that Nasdaq Inc will post 4.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. Nasdaq’s dividend payout ratio is currently 35.19%.
Nasdaq announced that its Board of Directors has approved a share repurchase program on Monday, January 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the sale, the insider now directly owns 32,214 shares in the company, valued at $2,599,669.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,629 shares of company stock worth $1,809,309. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Delta Asset Management LLC TN boosted its position in shares of Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. Invictus RG bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $111,000. Cerebellum GP LLC bought a new position in Nasdaq in the 4th quarter valued at approximately $125,000. Conning Inc. bought a new position in Nasdaq in the 3rd quarter valued at approximately $200,000. Finally, Beaton Management Co. Inc. bought a new position in Nasdaq in the 3rd quarter valued at approximately $202,000. 76.03% of the stock is currently owned by hedge funds and other institutional investors.
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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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