Nasdaq (NASDAQ:NDAQ) Insider Pc Nelson Griggs Sells 11,010 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $93.96, for a total transaction of $1,034,499.60. Following the completion of the transaction, the insider owned 216,011 shares of the company’s stock, valued at approximately $20,296,393.56. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, July 24th, Pc Nelson Griggs sold 6,777 shares of Nasdaq stock. The stock was sold at an average price of $92.53, for a total transaction of $627,075.81.

Nasdaq Stock Up 2.2%

Shares of NDAQ stock opened at $95.96 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The company’s fifty day moving average price is $87.54 and its 200-day moving average price is $88.37. The company has a market capitalization of $53.64 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.27 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. Sell-side analysts expect that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NDAQ shares. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. TD Cowen reissued a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Loop Capital set a $113.00 price target on Nasdaq in a research note on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a report on Friday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Buy” and a consensus price target of $109.73.

Institutional Investors Weigh In On Nasdaq

Hedge funds have recently bought and sold shares of the business. MV Capital Management Inc. purchased a new position in shares of Nasdaq in the 4th quarter worth $28,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Nasdaq during the 4th quarter valued at about $34,000. Nemes Rush Group LLC purchased a new stake in shares of Nasdaq during the 4th quarter valued at about $35,000. Uniplan Investment Counsel Inc. bought a new position in shares of Nasdaq in the 4th quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Nasdaq in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.