Pc Nelson Griggs Sells 6,777 Shares of Nasdaq (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 6,777 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.53, for a total value of $627,075.81. Following the completion of the sale, the insider owned 227,021 shares of the company’s stock, valued at $21,006,253.13. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Pc Nelson Griggs also recently made the following trade(s):

• On Monday, July 27th, Pc Nelson Griggs sold 11,010 shares of Nasdaq stock. The stock was sold at an average price of $93.96, for a total value of $1,034,499.60.

Nasdaq Stock Performance

Nasdaq stock opened at $95.55 on Thursday. The company has a market cap of $53.41 billion, a PE ratio of 27.86, a P/E/G ratio of 1.30 and a beta of 0.99. The company has a fifty day moving average price of $87.65 and a two-hundred day moving average price of $88.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Research analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Nasdaq Announces Dividend

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

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Zacks upgraded Nasdaq to “Strong Buy” from “Hold,” adding a favorable near-term catalyst and signaling improved expectations for the financial technology and exchange operator. Zacks.com
• Positive Sentiment: Nasdaq’s latest results showed strong operating momentum: quarterly earnings per share reached $1.07, exceeding the $0.98 consensus estimate, while revenue rose 14.9% year over year to $2.53 billion. Analysts expect approximately $4.13 in full-year EPS.
• Positive Sentiment: Analyst sentiment remains constructive. Nasdaq has an average rating of “Buy” and an average price target of $109.73, implying additional upside from recent trading levels; TD Cowen and Raymond James recently raised their targets to $105 and $113, respectively.
• Positive Sentiment: The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a yield of roughly 1.3%. A broader rally in financial stocks and fintech-related companies, including a record high for the XLF financial-sector ETF, may also be supporting the sector backdrop. Financial Sector ETF Hits Record High on Fintech Gains
• Neutral Sentiment: Institutional investors own approximately 72.5% of Nasdaq’s outstanding shares, providing a substantial base of professional ownership, although recent changes in institutional positions were relatively small.
• Negative Sentiment: Insiders disclosed multiple sales. President Pc Nelson Griggs sold 17,787 shares worth approximately $1.66 million across July 24 and July 27, reducing his position by roughly 7.8% overall. EVP Bradley J. Peterson also sold 13,000 shares valued at about $1.20 million, cutting his holdings by 9.2%. These transactions can create short-term selling pressure, although both executives retain significant stakes. Nasdaq Insider Selling Report

Institutional Investors Weigh In On Nasdaq

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $530,100,000. Morgan Stanley increased its position in Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after acquiring an additional 3,567,843 shares during the period. Nuveen LLC increased its position in Nasdaq by 82.0% in the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider’s stock valued at $589,897,000 after acquiring an additional 2,736,322 shares during the period. Harris Associates L P raised its stake in Nasdaq by 46.0% during the 4th quarter. Harris Associates L P now owns 8,621,689 shares of the financial services provider’s stock valued at $837,425,000 after acquiring an additional 2,716,280 shares in the last quarter. Finally, State Street Corp raised its stake in Nasdaq by 7.7% during the 3rd quarter. State Street Corp now owns 19,619,192 shares of the financial services provider’s stock valued at $1,735,318,000 after acquiring an additional 1,404,348 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NDAQ shares. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a report on Thursday, June 11th. TD Cowen reissued a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $109.73.

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.