Nasdaq Inc (NDAQ) Insider Edward S. Knight Sells 13,200 Shares

Nasdaq Inc (NASDAQ:NDAQ) insider Edward S. Knight sold 13,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the transaction, the insider now directly owns 73,569 shares of the company’s stock, valued at $5,842,114.29. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nasdaq Inc (NASDAQ NDAQ) opened at $78.80 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.15. Nasdaq Inc has a 52-week low of $65.98 and a 52-week high of $83.29. The stock has a market cap of $13,100.00, a PE ratio of 20.68, a PEG ratio of 1.69 and a beta of 0.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The company had revenue of $635.00 million for the quarter, compared to the consensus estimate of $628.36 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts anticipate that Nasdaq Inc will post 4.8 earnings per share for the current year.

Nasdaq declared that its board has initiated a share buyback program on Monday, January 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm 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. The ex-dividend date is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. Nasdaq’s payout ratio is currently 39.90%.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Bank of America raised their price objective on shares of Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a report on Thursday, February 1st. Jefferies Group reissued a “hold” rating and set a $83.50 price objective on shares of Nasdaq in a report on Tuesday, January 16th. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Wells Fargo & Co raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $83.00 to $85.00 in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $82.05.

Several institutional investors have recently bought and sold shares of NDAQ. Bessemer Group Inc. lifted its position in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after purchasing an additional 67,975 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock valued at $171,614,000 after purchasing an additional 151,864 shares during the last quarter. Deutsche Bank AG lifted its position in Nasdaq by 41.7% in the 4th quarter. Deutsche Bank AG now owns 2,100,466 shares of the financial services provider’s stock valued at $161,374,000 after purchasing an additional 618,137 shares during the last quarter. Millennium Management LLC lifted its position in Nasdaq by 78.0% in the 4th quarter. Millennium Management LLC now owns 1,565,207 shares of the financial services provider’s stock valued at $120,255,000 after purchasing an additional 685,770 shares during the last quarter. Finally, BT Investment Management Ltd lifted its position in Nasdaq by 3.2% in the 4th quarter. BT Investment Management Ltd now owns 1,411,226 shares of the financial services provider’s stock valued at $108,424,000 after purchasing an additional 43,250 shares during the last quarter. Institutional investors own 76.68% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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