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 firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Price Performance

NASDAQ NDAQ opened at $78.69 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 1 year low of $51.30 and a 1 year high of $79.73. The company has a fifty day simple moving average of $73.62 and a 200 day simple moving average of $66.71. The company has a market cap of $45.23 billion, a P/E ratio of 47.12, a P/E/G ratio of 3.04 and a beta of 0.95.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NDAQ. Private Advisor Group LLC raised its stake in shares of Nasdaq by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 8,020 shares of the financial services provider’s stock valued at $506,000 after buying an additional 848 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Nasdaq by 9.4% during the first quarter. Mutual of America Capital Management LLC now owns 49,822 shares of the financial services provider’s stock valued at $3,144,000 after purchasing an additional 4,267 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Nasdaq in the 1st quarter valued at approximately $82,000. Texas Permanent School Fund Corp raised its holdings in shares of Nasdaq by 10.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 86,141 shares of the financial services provider’s stock worth $5,435,000 after buying an additional 8,072 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Nasdaq by 3.5% during the 1st quarter. Empirical Finance LLC now owns 12,325 shares of the financial services provider’s stock worth $778,000 after buying an additional 421 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on NDAQ shares. The Goldman Sachs Group upped 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. UBS Group upped their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Barclays lifted their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen decreased their price target 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $80.33.

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.