Pc Nelson Griggs Sells 6,000 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nasdaq Trading Down 2.2 %

NDAQ opened at $73.92 on Friday. The business has a fifty day moving average price of $72.88 and a 200 day moving average price of $65.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94. Nasdaq, Inc. has a 12 month low of $48.47 and a 12 month high of $76.71. The stock has a market capitalization of $42.57 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 3.10 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Sell-side analysts expect that Nasdaq, Inc. will post 2.76 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Nasdaq’s payout ratio is 57.49%.

Institutional Investors Weigh In On Nasdaq

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Nasdaq by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock worth $15,198,000 after buying an additional 16,797 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Nasdaq by 312.0% during the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after acquiring an additional 139,228 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after acquiring an additional 21,699 shares during the period. Price T Rowe Associates Inc. MD raised its position in Nasdaq by 12.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after purchasing an additional 57,900 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Nasdaq during the 1st quarter worth $2,595,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on NDAQ shares. Piper Sandler increased their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Barclays increased their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.27.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.