Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $1,102,179.12 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded down $1.36 during trading on Friday, reaching $75.55. The stock had a trading volume of 3,046,079 shares, compared to its average volume of 2,633,539. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The firm has a market capitalization of $43.45 billion, a price-to-earnings ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $79.17 and a two-hundred day simple moving average of $77.44.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

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Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Nasdaq's payout ratio is 50.00%.

Institutional Investors Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Nasdaq by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after acquiring an additional 376,893 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the last quarter. State Street Corp grew its stake in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock worth $849,783,000 after acquiring an additional 257,465 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after acquiring an additional 1,225,672 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

NDAQ has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Finally, UBS Group increased their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.88.

Nasdaq Company Profile

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.