Nasdaq Inc (NASDAQ:NDAQ) insider Bradley J. Peterson sold 1,550 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $96.65, for a total transaction of $149,807.50. Following the completion of the transaction, the insider now owns 21,408 shares of the company’s stock, valued at approximately $2,069,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NDAQ traded up $0.30 during mid-day trading on Wednesday, hitting $95.56. 77,739 shares of the company were exchanged, compared to its average volume of 750,156. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $97.47. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49. The company has a market cap of $15.81 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.64 and a beta of 0.62.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $632.71 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Nasdaq Inc will post 4.92 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. BidaskClub upgraded shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Bank of America reiterated a “neutral” rating and issued a $88.00 price objective on shares of Nasdaq in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $97.15.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brinker Capital Inc. grew its stake in Nasdaq by 0.8% during the 1st quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 117 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of Nasdaq by 2.2% during the 4th quarter. FDx Advisors Inc. now owns 5,546 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 118 shares during the period. Penobscot Investment Management Company Inc. boosted its position in shares of Nasdaq by 1.2% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 120 shares during the period. Guinness Asset Management Ltd boosted its position in shares of Nasdaq by 3.9% during the 1st quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 127 shares during the period. Finally, Argent Trust Co boosted its position in shares of Nasdaq by 4.0% during the 4th quarter. Argent Trust Co now owns 3,340 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 129 shares during the period. 76.14% of the stock is owned by institutional investors.
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.
Featured Story: S&P 500 Index
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.