Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) insider Pc Nelson Griggs sold 11,010 shares of the business'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 transaction of $1,060,813.50. Following the completion of the transaction, the insider owned 205,001 shares of the company's stock, valued at approximately $19,751,846.35. The trade was a 5.10% 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 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 shares were 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 Down 1.0%
Nasdaq stock opened at $94.19 on Friday. The firm has a market cap of $52.65 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.29 and a beta of 0.99. The stock has a fifty day simple moving average of $87.81 and a two-hundred day simple moving average of $88.36. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company's revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio (DPR) is presently 36.15%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider's stock worth $1,106,000 after purchasing an additional 538 shares during the last quarter. Woodline Partners LP grew its stake in shares of Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider's stock valued at $2,652,000 after purchasing an additional 10,110 shares during the period. Focus Partners Wealth increased its position in shares of Nasdaq by 22.0% during the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider's stock valued at $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Nasdaq by 4.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider's stock worth $1,018,000 after purchasing an additional 481 shares during the period. Institutional investors own 72.47% of the company's stock.
Wall Street Analyst Weigh In
NDAQ has been the topic of several research analyst reports. Loop Capital set a $113.00 target price on shares of Nasdaq in a research note on Friday, April 24th. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research note on Thursday, June 11th. Barclays reissued an "overweight" rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Buy" and a consensus price target of $109.73.
Read Our Latest Stock Analysis on Nasdaq
About Nasdaq
(
Get Free Report)
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.
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