Nasdaq (NASDAQ:NDAQ) Stock: Insider Bradley Peterson Sells 4,000 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 4,000 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total value of $413,520.00. Following the sale, the executive vice president owned 118,293 shares of the company’s stock, valued at approximately $12,229,130.34. This represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nasdaq Stock Down 0.3%

Shares of NASDAQ:NDAQ traded down $0.36 on Tuesday, reaching $104.36. The company had a trading volume of 3,665,056 shares, compared to its average volume of 3,785,761. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $105.45. The firm’s 50 day simple moving average is $95.02 and its 200-day simple moving average is $90.56. The firm has a market capitalization of $57.92 billion, a PE ratio of 28.51, a PEG ratio of 1.84 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. As a group, analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq’s payout ratio is 33.88%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NDAQ. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Raymond James Financial lowered their price target on shares of Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Friday, October 16th. TD Cowen reduced their price objective on shares of Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $118.00 target price on shares of Nasdaq in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $113.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daiichi Life Insurance Co. Ltd. acquired a new position in Nasdaq during the 2nd quarter valued at approximately $1,236,000. Munich Reinsurance Co Stock Corp in Munich grew its holdings in shares of Nasdaq by 3.0% during the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 889,447 shares of the financial services provider’s stock valued at $70,106,000 after buying an additional 25,524 shares during the last quarter. NINE MASTS CAPITAL Ltd increased its position in shares of Nasdaq by 106.5% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 27,130 shares of the financial services provider’s stock valued at $2,138,000 after acquiring an additional 13,992 shares during the period. Lombard Odier Asset Management Europe Ltd increased its position in shares of Nasdaq by 31.4% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 47,298 shares of the financial services provider’s stock valued at $4,015,000 after acquiring an additional 11,298 shares during the period. Finally, Tandem Investment Advisors Inc. purchased a new position in Nasdaq in the 1st quarter worth $13,891,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.