Nasdaq, Inc. (NASDAQ:NDAQ) Insider Pc Nelson Griggs Sells 5,742 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 28th, Pc Nelson Griggs sold 6,000 shares of Nasdaq stock. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.53 during midday trading on Friday, reaching $78.71. 2,228,376 shares of the company traded hands, compared to its average volume of 2,887,142. The firm has a market cap of $45.24 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 2.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $73.49 and its two-hundred day simple moving average is $66.59. Nasdaq, Inc. has a 1-year low of $51.30 and a 1-year high of $79.73.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm 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%. Nasdaq’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Institutional Trading of Nasdaq

A number of large investors have recently made changes to their positions in NDAQ. Segall Bryant & Hamill LLC purchased a new stake in shares of Nasdaq during the third quarter worth about $8,512,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Nasdaq during the third quarter worth approximately $3,806,000. LGT Capital Partners LTD. grew its stake in Nasdaq by 1.5% in the 3rd quarter. LGT Capital Partners LTD. now owns 1,266,090 shares of the financial services provider’s stock worth $92,437,000 after acquiring an additional 18,190 shares during the period. Legacy Bridge LLC acquired a new position in Nasdaq in the 3rd quarter valued at $1,288,000. Finally, Verity & Verity LLC lifted its stake in shares of Nasdaq by 9.9% during the 3rd quarter. Verity & Verity LLC now owns 7,674 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 692 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Argus upped their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, TD Cowen cut their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.33.

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.