Insider Selling: Nasdaq (NASDAQ:NDAQ) EVP Sells $538,750.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $107.75, for a total value of $538,750.00. Following the sale, the executive vice president directly owned 109,306 shares in the company, valued at approximately $11,777,721.50. This represents a 4.37% 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 Up 0.3%

Shares of NASDAQ:NDAQ traded up $0.29 during trading on Friday, hitting $107.12. 3,334,836 shares of the company’s stock traded hands, compared to its average volume of 3,796,338. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $111.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market cap of $59.45 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.95. The company has a 50-day moving average price of $96.45 and a 200-day moving average price of $90.84.

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

Nasdaq Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s payout ratio is presently 33.88%.

Hedge Funds Weigh In On Nasdaq

Several hedge funds have recently made changes to their positions in NDAQ. Allworth Financial LP boosted its holdings in Nasdaq by 17.8% during the third quarter. Allworth Financial LP now owns 5,774 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 873 shares during the last quarter. Fisher Asset Management LLC increased its stake in Nasdaq by 109.5% in the 3rd quarter. Fisher Asset Management LLC now owns 6,509 shares of the financial services provider’s stock valued at $599,000 after buying an additional 3,402 shares during the last quarter. R Squared Ltd acquired a new stake in Nasdaq in the 3rd quarter valued at $401,000. CENTRAL TRUST Co lifted its position in Nasdaq by 9.3% during the 3rd quarter. CENTRAL TRUST Co now owns 2,886 shares of the financial services provider’s stock worth $266,000 after buying an additional 246 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in Nasdaq by 13.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 27,125 shares of the financial services provider’s stock worth $2,496,000 after buying an additional 3,230 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NDAQ. Argus increased their price objective on shares of Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Rothschild & Co Redburn cut their price objective on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Bank of America reduced their target price on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Erste Group Bank began coverage on Nasdaq in a report on Friday, October 30th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.