Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells 13,642 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nasdaq Trading Down 0.4 %

NDAQ stock opened at $75.55 on Thursday. Nasdaq, Inc. has a one year low of $48.47 and a one year high of $76.71. The stock has a market cap of $43.51 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company has a fifty day moving average price of $72.88 and a two-hundred day moving average price of $65.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Institutional Trading of Nasdaq

Several institutional investors have recently added to or reduced their stakes in NDAQ. Focused Wealth Management Inc acquired a new stake in shares of Nasdaq during the third quarter worth $35,000. Crestwood Advisors Group LLC increased its position in Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the period. Amalgamated Bank raised its stake in Nasdaq by 8.1% in the 3rd quarter. Amalgamated Bank now owns 81,239 shares of the financial services provider’s stock worth $5,931,000 after purchasing an additional 6,104 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in Nasdaq by 35.3% in the 3rd quarter. Sentry Investment Management LLC now owns 1,990 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 519 shares during the period. Finally, ASB Consultores LLC grew its position in shares of Nasdaq by 12.5% during the 3rd quarter. ASB Consultores LLC now owns 9,505 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 1,057 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NDAQ. Morgan Stanley raised their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research report on Monday, October 14th. UBS Group boosted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Bank of America dropped their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

About Nasdaq

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.