Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $1,027,515.44 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $74.32 on Friday. The firm has a market cap of $42.72 billion, a PE ratio of 44.50, a P/E/G ratio of 2.96 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $48.82 and a twelve 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. The business has a 50-day moving average price of $73.03 and a 200 day moving average price of $66.13.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s quarterly revenue was up 21.9% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays increased their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer increased their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $79.27.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC lifted its position in shares of Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Nasdaq by 2.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after acquiring an additional 94,122 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Nasdaq by 26.5% during the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after purchasing an additional 602,040 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Nasdaq by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

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.