Nasdaq (NASDAQ:NDAQ) EVP Sells $1,203,930.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. The trade was a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nasdaq Price Performance

Shares of NDAQ opened at $95.16 on Friday. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market cap of $53.19 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.29 and a beta of 0.99. The stock has a 50 day moving average of $87.74 and a 200-day moving average of $88.32.

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

Nasdaq Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of Nasdaq by 1.6% during the 4th quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after acquiring an additional 45,783 shares during the last quarter. M&T Bank Corp lifted its holdings in Nasdaq by 27.5% in the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock worth $5,933,000 after purchasing an additional 13,160 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Nasdaq in the 4th quarter worth approximately $1,245,000. MKP Capital Management L.L.C. bought a new stake in Nasdaq during the fourth quarter worth approximately $33,996,000. Finally, Advisors Preferred LLC bought a new stake in Nasdaq during the fourth quarter worth approximately $4,872,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NDAQ shares. Raymond James Financial restated an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Loop Capital set a $113.00 price objective on Nasdaq in a research note on Friday, April 24th. TD Cowen restated a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $109.73.

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.