Nasdaq (NASDAQ:NDAQ) EVP Sells 13,000 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 13,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Nasdaq Trading Up 2.2%

Shares of Nasdaq stock traded up $2.02 during trading hours on Tuesday, reaching $95.96. The stock had a trading volume of 4,138,435 shares, compared to its average volume of 4,098,726. The firm has a 50 day simple moving average of $87.46 and a two-hundred day simple moving average of $88.40. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.43 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 4.03 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is currently 36.15%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Loop Capital set a $113.00 price objective on Nasdaq in a research report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. TD Cowen reaffirmed a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $109.73.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently added to or reduced their stakes in NDAQ. MV Capital Management Inc. acquired a new position in Nasdaq in the 4th quarter worth $28,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Nasdaq during the fourth quarter valued at about $34,000. Nemes Rush Group LLC acquired a new position in shares of Nasdaq in the fourth quarter worth about $35,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Nasdaq in the fourth quarter worth about $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Nasdaq in the fourth quarter valued at about $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.