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

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 5,000 shares of Nasdaq stock in a transaction that occurred on 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 $11,777,721.50. The trade was a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.29 during trading hours on Friday, reaching $107.12. The stock had a trading volume of 3,334,836 shares, compared to its average volume of 3,796,338. The company has a market cap of $59.45 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.90 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $111.45. The business’s fifty day moving average is $96.45 and its two-hundred day moving average is $90.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

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

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors 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%.

Analysts Set New Price Targets

A number of research analysts have commented on NDAQ shares. Zacks Research cut shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Argus increased their target price on Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and set a $108.00 target price (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. The Goldman Sachs Group boosted their price target on Nasdaq from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Erste Group Bank initiated coverage on Nasdaq in a research report on Friday, October 30th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDAQ. Allworth Financial LP boosted its position in shares of 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 in the last quarter. Fisher Asset Management LLC grew its holdings in shares of 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 period. R Squared Ltd bought a new stake in shares of Nasdaq in the 3rd quarter valued at $401,000. CENTRAL TRUST Co increased its position in shares of Nasdaq by 9.3% in the 3rd quarter. CENTRAL TRUST Co now owns 2,886 shares of the financial services provider’s stock valued at $266,000 after buying an additional 246 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Nasdaq by 13.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 27,125 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 3,230 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.