Nasdaq (NASDAQ:NDAQ) Insider Pc Nelson Griggs Sells 6,777 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) insider Pc Nelson Griggs sold 6,777 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.53, for a total value of $627,075.81. Following the completion of the transaction, the insider owned 227,021 shares in the company, valued at $21,006,253.13. This represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $1,034,499.60.

Nasdaq Stock Performance

Shares of NDAQ opened at $95.96 on Wednesday. The company has a market capitalization of $53.64 billion, a PE ratio of 27.98, a PEG ratio of 1.27 and a beta of 0.99. 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 company’s 50 day moving average price is $87.54 and its 200 day moving average price is $88.37. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. Research analysts expect that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Hedge Funds Weigh In On Nasdaq

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock worth $5,819,727,000 after buying an additional 268,481 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Nasdaq by 4.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after acquiring an additional 1,258,964 shares in the last quarter. State Street Corp increased its holdings in shares of Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after acquiring an additional 259,408 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after acquiring an additional 378,577 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after acquiring an additional 3,567,843 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDAQ has been the topic of several research reports. TD Cowen reaffirmed a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a report on Thursday, June 11th. Finally, Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $109.73.

Check Out Our Latest Stock Analysis on Nasdaq

Nasdaq Company Profile

(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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