Nasdaq (NASDAQ:NDAQ) Stock: Insider Bradley Peterson Sells 5,000 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $107.75, for a total transaction of $538,750.00. Following the completion of the transaction, the executive vice president directly owned 109,306 shares in the company, valued at approximately $11,777,721.50. The trade was a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Nasdaq Price Performance

NDAQ stock opened at $107.12 on Friday. The company has a market capitalization of $59.45 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $111.45. The business has a 50-day simple moving average of $96.60 and a two-hundred day simple moving average of $90.89.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Institutional Trading of Nasdaq

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Nasdaq in the second quarter valued at $2,931,637,000. Bank of America Corp DE bought a new position in shares of Nasdaq during the 2nd quarter worth $603,631,000. The Manufacturers Life Insurance Company bought a new position in shares of Nasdaq during the 2nd quarter worth $377,818,000. Legal & General Group Plc bought a new position in shares of Nasdaq during the 2nd quarter worth $220,130,000. Finally, Deutsche Bank AG purchased a new stake in Nasdaq in the 2nd quarter worth about $180,099,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on Nasdaq from $118.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 30th. Zacks Research lowered shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. The Goldman Sachs Group boosted their price target on shares of Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Rothschild & Co Redburn reduced their price objective on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.53.

Nasdaq Company Profile

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.