Insider Selling: Nasdaq (NASDAQ:NDAQ) Insider Sells $627,075.81 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 6,777 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.53, for a total transaction of $627,075.81. Following the transaction, the insider owned 227,021 shares in the company, valued at approximately $21,006,253.13. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pc Nelson Griggs also recently made the following trade(s):

• On Monday, July 27th, Pc Nelson Griggs sold 11,010 shares of Nasdaq stock. The stock was sold at an average price of $93.96, for a total value of $1,034,499.60.

Nasdaq Stock Performance

NDAQ opened at $95.16 on Friday. The company’s 50 day moving average is $87.74 and its 200 day moving average is $88.32. 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 company 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. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NDAQ shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen reaffirmed a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Finally, Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Buy” and an average price target of $109.73.

Hedge Funds Weigh In On Nasdaq

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in 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 period. M&T Bank Corp boosted its stake in shares of Nasdaq by 27.5% during the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after purchasing an additional 13,160 shares during the period. AlphaCore Capital LLC bought a new position in shares of Nasdaq in the fourth quarter worth about $1,245,000. MKP Capital Management L.L.C. purchased a new position in Nasdaq in the 4th quarter worth about $33,996,000. Finally, Advisors Preferred LLC bought a new stake in Nasdaq during the 4th quarter valued at about $4,872,000. 72.47% of the stock is currently owned by institutional investors.

About Nasdaq

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.