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 Nasdaq stock in a transaction dated 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 transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nasdaq Stock Up 0.5 %

Shares of NASDAQ NDAQ opened at $74.32 on Friday. Nasdaq, Inc. has a 12-month low of $48.82 and a 12-month high of $76.71. The stock has a market cap of $42.72 billion, a P/E ratio of 44.50, a PEG ratio of 2.96 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $73.03 and its 200-day simple moving average is $66.13.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $0.71 EPS. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is presently 57.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDAQ shares. Oppenheimer lifted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Bank of America reduced their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen lowered their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.27.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in Nasdaq during the 2nd quarter worth about $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth about $27,000. Crewe Advisors LLC increased its holdings in shares of Nasdaq by 164.4% in the 2nd 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 during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq during the 1st quarter worth about $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

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.