Insider Selling: Nasdaq Inc (NASDAQ:NDAQ) EVP Sells 1,000 Shares of Stock

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Nasdaq Inc (NASDAQ:NDAQ) EVP Bradley J. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $131.36, for a total value of $131,360.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bradley J. Peterson also recently made the following trade(s):

  • On Tuesday, May 26th, Bradley J. Peterson sold 3,000 shares of Nasdaq stock. The shares were sold at an average price of $118.42, for a total value of $355,260.00.

Nasdaq stock opened at $131.31 on Friday. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.58 and a beta of 0.74. Nasdaq Inc has a 12 month low of $71.66 and a 12 month high of $135.51. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $122.60 and a two-hundred day simple moving average of $111.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.09. The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $686.79 million. Nasdaq had a return on equity of 16.89% and a net margin of 16.21%. During the same period last year, the business posted $1.22 EPS. On average, equities research analysts forecast that Nasdaq Inc will post 5.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.49 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.49%. Nasdaq’s dividend payout ratio (DPR) is currently 39.20%.

Several hedge funds have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. lifted its position in shares of Nasdaq by 0.9% in the first quarter. Leavell Investment Management Inc. now owns 10,118 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 93 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Nasdaq by 41.0% in the second quarter. Cornerstone Advisors Inc. now owns 320 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 93 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Nasdaq by 2.5% in the second quarter. SG Americas Securities LLC now owns 3,961 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 97 shares in the last quarter. Cigna Investments Inc. New lifted its position in shares of Nasdaq by 3.2% in the first quarter. Cigna Investments Inc. New now owns 3,235 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 100 shares in the last quarter. Finally, Shell Asset Management Co. lifted its position in shares of Nasdaq by 1.5% in the first quarter. Shell Asset Management Co. now owns 6,624 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

A number of research analysts recently weighed in on NDAQ shares. UBS Group raised their price objective on Nasdaq from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Wells Fargo & Co raised their price objective on Nasdaq from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Compass Point reduced their price objective on Nasdaq from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Oppenheimer initiated coverage on Nasdaq in a report on Wednesday, July 22nd. They issued a “buy” rating and a $141.00 target price for the company. Finally, Citigroup lifted their target price on Nasdaq from $107.00 to $127.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $126.09.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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