Key Points
- Insider sale: Nasdaq EVP Bradley Peterson sold 3,987 shares for approximately $418,000, reducing his position by 3.37% while retaining 114,306 shares.
- Strong financial performance: Nasdaq reported quarterly EPS of $1.04, ahead of the $1.02 estimate, and revenue of $2.39 billion, up 12.6% year over year.
- Positive analyst outlook: The stock has a consensus “Moderate Buy” rating and an average price target of $113.53, above its recent price of $105.60; Nasdaq also declared a quarterly dividend of $0.31 per share.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Bradley Peterson sold 3,987 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $104.75, for a total transaction of $417,638.25. Following the completion of the transaction, the executive vice president directly owned 114,306 shares in the company, valued at approximately $11,973,553.50. The trade was a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nasdaq Stock Performance
Shares of NASDAQ NDAQ opened at $105.60 on Friday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $107.93. The firm has a market capitalization of $58.60 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $95.54 and a 200 day moving average of $90.65.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. On average, research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.
Nasdaq Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq's dividend payout ratio is currently 33.88%.
Institutional Investors Weigh In On Nasdaq
Several large investors have recently bought and sold shares of NDAQ. Daiichi Life Insurance Co. Ltd. purchased a new stake in Nasdaq in the second quarter worth about $1,236,000. Munich Reinsurance Co Stock Corp in Munich increased its position in Nasdaq by 3.0% during the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 889,447 shares of the financial services provider's stock valued at $70,106,000 after purchasing an additional 25,524 shares during the period. NINE MASTS CAPITAL Ltd increased its position in Nasdaq by 106.5% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 27,130 shares of the financial services provider's stock valued at $2,138,000 after purchasing an additional 13,992 shares during the period. Tandem Investment Advisors Inc. bought a new stake in shares of Nasdaq in the 1st quarter valued at about $13,891,000. Finally, Lombard Odier Asset Management Europe Ltd raised its holdings in shares of Nasdaq by 31.4% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 47,298 shares of the financial services provider's stock valued at $4,015,000 after purchasing an additional 11,298 shares in the last quarter. Institutional investors own 72.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Argus increased their price objective on shares of Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Jefferies Financial Group reiterated a "hold" rating on shares of Nasdaq in a research report on Thursday, October 22nd. Barclays set a $121.00 target price on shares of Nasdaq and gave the stock an "overweight" rating in a report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $118.00 price target on shares of Nasdaq in a report on Friday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Nasdaq from $100.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.53.
Get Our Latest Report on NDAQ
Nasdaq News Summary
Here are the key news stories impacting Nasdaq this week:
- Positive Sentiment: New trading technology: Nasdaq Europe plans to launch “trajectory trading” in November, expanding its technology offering and potentially supporting future trading-related revenue. Nasdaq Europe to Launch Trajectory Trading
- Positive Sentiment: Strong earnings backdrop: Nasdaq recently exceeded quarterly EPS expectations, reporting $1.04 versus the $1.02 consensus, while revenue reached $2.39 billion and grew 12.6% year over year. Analysts’ average price target of $113.53 remains above the recent trading level, reinforcing the bullish case.
- Neutral Sentiment: Routine exchange enforcement: Nasdaq notified Charming Medical Limited that it expects to delist the company on November 9 unless it successfully appeals. Nasdaq also halted TJGC Group trading while requesting additional information. These actions demonstrate regulatory oversight but are unlikely to materially affect NDAQ’s financial results. Charming Medical Anticipated Delisting Nasdaq Halts TJGC Group
- Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, following a separate sale of 4,000 shares. Director/executive Tal Cohen also sold 10,390 shares. Although the executives retain substantial positions, the transactions could encourage some profit-taking after NDAQ’s strong advance. Nasdaq Insider Cohen Tal Sells Shares
About Nasdaq
(
Get Free Report)
Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world's largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq's Nordic and Baltic market operations.
Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.
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