Nasdaq, Inc. (NASDAQ:NDAQ) Insider Sells 6,000 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Nasdaq Stock Performance

Shares of NDAQ traded down $0.34 during trading hours on Wednesday, hitting $75.55. The company had a trading volume of 2,292,513 shares, compared to its average volume of 2,894,676. The firm has a market cap of $43.51 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.10 and a beta of 0.95. The business has a fifty day moving average of $72.78 and a 200-day moving average of $65.91. Nasdaq, Inc. has a 12 month low of $48.47 and a 12 month high of $76.71. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post 2.76 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Hedge Funds Weigh In On Nasdaq

Large investors have recently modified their holdings of the stock. Y.D. More Investments Ltd raised its position in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new position in Nasdaq during the second quarter worth about $26,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq during the third quarter worth about $27,000. Crewe Advisors LLC increased its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares during the period. Finally, LRI Investments LLC bought a new position in Nasdaq during the first quarter worth about $31,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Oppenheimer boosted their price target on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Piper Sandler boosted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.27.

About Nasdaq

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.