Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) Insider Sells $454,260.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nasdaq Stock Up 0.5 %

Nasdaq stock opened at $74.32 on Friday. The firm has a 50 day simple moving average of $73.03 and a 200 day simple moving average of $66.13. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 1-year low of $48.82 and a 1-year high of $76.71. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 2.96 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of NDAQ. 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 valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the period. Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% during 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 buying an additional 1,866,219 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Nasdaq by 283.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock worth $72,880,000 after buying an additional 853,414 shares in the last quarter. Principal Financial Group Inc. grew its position in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after acquiring an additional 602,040 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of research analyst reports. Oppenheimer increased their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research report on Friday, October 25th. Morgan Stanley boosted 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. The Goldman Sachs Group increased their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.27.

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.