Nasdaq, Inc. (NASDAQ:NDAQ) Insider Sells $444,086.28 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 28th, Pc Nelson Griggs sold 6,000 shares of Nasdaq stock. The shares were sold at an average price of $75.71, for a total value of $454,260.00.

Nasdaq Stock Performance

NDAQ stock opened at $78.69 on Monday. The firm has a market cap of $45.23 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $73.62 and a 200-day moving average price of $66.78. Nasdaq, Inc. has a 1-year low of $51.30 and a 1-year high of $79.73.

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

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently bought and sold shares of NDAQ. Y.D. More Investments Ltd grew its stake in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Nasdaq in the second quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at approximately $27,000. Crewe Advisors LLC increased its holdings in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Nasdaq during the first quarter worth approximately $31,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the subject of several research reports. Oppenheimer increased their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a report on Monday, October 14th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. UBS Group raised their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $80.33.

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.