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 on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Trading Up 0.7 %

Shares of Nasdaq stock opened at $78.69 on Friday. The stock has a market cap of $45.23 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The firm has a fifty day moving average price of $73.62 and a 200 day moving average price of $66.75. Nasdaq, Inc. has a 1 year low of $51.30 and a 1 year high of $79.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 21.9% on a year-over-year basis. Equities research analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s dividend payout ratio is presently 57.49%.

Hedge Funds Weigh In On Nasdaq

Several institutional investors have recently made changes to their positions in NDAQ. Citizens Financial Group Inc. RI grew its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the period. First Pacific Financial grew its position in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems raised its holdings in Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 154 shares during the period. Finally, Signaturefd LLC raised its holdings in Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 162 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Argus upped their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their price objective on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.33.

Nasdaq Company Profile

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.