Insider Selling: Nasdaq Inc (NDAQ) Director Sells $224,850.00 in Stock

Nasdaq Inc (NASDAQ:NDAQ) Director Lars Wedenborn sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ NDAQ opened at $91.32 on Monday. Nasdaq Inc has a one year low of $72.98 and a one year high of $96.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $14.97 billion, a P/E ratio of 22.49, a PEG ratio of 2.00 and a beta of 0.53.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The firm had revenue of $600.00 million during the quarter, compared to the consensus estimate of $605.67 million. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 13th. Nasdaq’s dividend payout ratio is currently 43.35%.

A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. Great Lakes Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter worth $284,000. Vanguard Group Inc. increased its stake in shares of Nasdaq by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,105,807 shares of the financial services provider’s stock worth $1,038,679,000 after acquiring an additional 69,633 shares during the last quarter. Morgan Stanley increased its stake in shares of Nasdaq by 20.2% in the 3rd quarter. Morgan Stanley now owns 742,548 shares of the financial services provider’s stock worth $63,709,000 after acquiring an additional 124,957 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Nasdaq by 5.6% in the 3rd quarter. Legal & General Group Plc now owns 633,583 shares of the financial services provider’s stock worth $54,370,000 after acquiring an additional 33,381 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in shares of Nasdaq by 0.6% in the 3rd quarter. Standard Life Aberdeen plc now owns 300,587 shares of the financial services provider’s stock worth $25,790,000 after acquiring an additional 1,835 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on NDAQ shares. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Deutsche Bank decreased their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th. Atlantic Securities started coverage on Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price on the stock. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $96.29.

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About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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

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