Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $1,022,715.96 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Nasdaq Trading Up 0.5%

Shares of NDAQ stock traded up $0.41 on Friday, hitting $89.93. The company had a trading volume of 1,433,250 shares, compared to its average volume of 3,055,672. The firm has a market cap of $51.63 billion, a P/E ratio of 40.88, a P/E/G ratio of 2.32 and a beta of 1.01. The stock's 50-day moving average is $83.49 and its two-hundred day moving average is $79.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Nasdaq, Inc. has a twelve month low of $59.95 and a twelve month high of $90.35.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.20%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NDAQ. Piper Sandler raised their target price on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Bank of America raised their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Barclays reduced their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group raised their target price on Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus price target of $88.06.

Institutional Investors Weigh In On Nasdaq

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after purchasing an additional 3,096 shares during the period. USA Financial Formulas boosted its holdings in Nasdaq by 61.1% in the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock worth $1,353,000 after acquiring an additional 6,764 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Nasdaq by 1.2% in the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock worth $172,098,000 after acquiring an additional 27,622 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Nasdaq in the fourth quarter worth approximately $48,749,000. Institutional investors and hedge funds own 72.47% of the company's stock.

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.