Nasdaq (NASDAQ:NDAQ) Insider Pc Nelson Griggs Sells 11,010 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider owned 205,001 shares in the company, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.
• On Friday, July 24th, Pc Nelson Griggs sold 6,777 shares of Nasdaq stock. The shares were sold at an average price of $92.53, for a total value of $627,075.81.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $94.19 on Friday. The firm has a market cap of $52.65 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day moving average price of $87.81 and a 200-day moving average price of $88.36.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. Equities research analysts predict that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. TD Cowen reiterated a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a report on Thursday, June 11th. Finally, Barclays restated an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $109.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its holdings in shares of Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 111 shares in the last quarter. Independent Advisor Alliance boosted its stake in Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 117 shares in the last quarter. Quantum Portfolio Management LLC grew its position in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 123 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Nasdaq by 1.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 128 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in Nasdaq by 5.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

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.