Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith Sells 7,400 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $61.58 on Thursday. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.90 and a beta of 0.93. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $63.52. The business has a 50 day simple moving average of $58.46 and a 200-day simple moving average of $55.06. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.64 EPS. Nasdaq’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts forecast that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NDAQ. UBS Group raised their price target on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $82.00 price target on shares of Nasdaq in a report on Thursday, February 1st. Piper Sandler raised their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, March 26th. Finally, Edward Jones initiated coverage on Nasdaq in a research note on Wednesday. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC lifted its stake in shares of Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC increased its holdings in Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 86 shares during the period. Brinker Capital Investments LLC increased its holdings in Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after purchasing an additional 106 shares during the period. Advisors Asset Management Inc. increased its holdings in Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock worth $1,273,000 after purchasing an additional 120 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 130 shares during the period. 72.47% of the stock is owned by institutional investors.

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.