Nasdaq (NASDAQ:NDAQ) EVP Sells 4,000 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 4,000 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $103.38, for a total value of $413,520.00. Following the completion of the transaction, the executive vice president directly owned 118,293 shares in the company, valued at $12,229,130.34. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nasdaq Stock Performance

Shares of Nasdaq stock traded down $0.36 on Tuesday, reaching $104.36. 3,665,056 shares of the stock were exchanged, compared to its average volume of 3,785,761. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $105.45. The firm has a market capitalization of $57.92 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.84 and a beta of 0.99. The business has a 50 day moving average price of $95.02 and a two-hundred day moving average price of $90.56.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Nasdaq’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts anticipate that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio is 33.88%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NDAQ. CWA Asset Management Group LLC boosted its holdings in Nasdaq by 2.9% during the third quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 108 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Nasdaq by 2.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,633 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 118 shares in the last quarter. Quantum Portfolio Management LLC increased its stake in Nasdaq by 1.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after buying an additional 123 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after buying an additional 137 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its stake in Nasdaq by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock valued at $221,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NDAQ. Barclays set a $121.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Wells Fargo & Company increased their price target on Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley lifted their price objective on Nasdaq from $118.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America decreased their price objective on Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $113.53.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.