Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells 11,508 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nasdaq Price Performance

NDAQ traded up $0.41 during trading on Friday, hitting $89.93. The company's stock had a trading volume of 1,433,250 shares, compared to its average volume of 3,064,627. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.32 and a beta of 1.01. The business's fifty day simple moving average is $83.49 and its 200 day simple moving average is $79.35. Nasdaq, Inc. has a twelve month low of $60.27 and a twelve month high of $90.35.

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

Nasdaq Increases Dividend

The firm also recently disclosed 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. This represents a $1.08 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 49.09%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. The Goldman Sachs Group raised their price objective on Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday. Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a report on Thursday, April 17th. Finally, Barclays reduced their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus target price of $88.06.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently made changes to their positions in the stock. Grove Bank & Trust grew its holdings in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after purchasing an additional 216 shares during the period. Highline Wealth Partners LLC raised its holdings in shares of Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares during the period. Rakuten Securities Inc. purchased a new position in Nasdaq in the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Nasdaq in the first quarter valued at approximately $26,000. Finally, First Command Advisory Services Inc. purchased a new stake in Nasdaq during the 1st quarter worth about $30,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nasdaq

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.