Nasdaq (NASDAQ:NDAQ) EVP Bradley Peterson Sells 5,000 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 5,000 shares of Nasdaq stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $107.75, for a total transaction of $538,750.00. Following the completion of the transaction, the executive vice president directly owned 109,306 shares of the company’s stock, valued at $11,777,721.50. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nasdaq Trading Up 0.3%

Shares of NASDAQ:NDAQ opened at $107.12 on Friday. The company has a market capitalization of $59.45 billion, a PE ratio of 29.27, a PEG ratio of 1.91 and a beta of 0.95. The business has a 50 day moving average of $96.60 and a two-hundred day moving average of $90.89. 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, Inc. has a 12-month low of $76.55 and a 12-month high of $111.45.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. As a group, analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio (DPR) is currently 33.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Eastern Bank boosted its stake in shares of Nasdaq by 168.0% during the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Compass Wealth Management LLC purchased a new position in shares of Nasdaq during the 3rd quarter worth $29,000. Fiduciary Financial Advisors purchased a new stake in Nasdaq during the 2nd quarter worth about $25,000. Center for Financial Planning Inc. purchased a new stake in Nasdaq during the 3rd quarter valued at approximately $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Nasdaq in the second quarter valued at $37,000. 72.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NDAQ shares. JPMorgan Chase & Co. lifted their target price on Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Argus upped their target price on Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nasdaq in a research note on Thursday, October 22nd. Erste Group Bank assumed coverage on shares of Nasdaq in a report on Friday, October 30th. They set a “buy” rating for the company. Finally, Weiss Ratings upgraded shares of Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.53.

Nasdaq Company Profile

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.