Pc Nelson Griggs Sells 8,000 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider now directly owns 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Nasdaq Trading Down 0.1%

Shares of Nasdaq stock traded down $0.08 during trading on Friday, hitting $83.30. The stock had a trading volume of 4,803,931 shares, compared to its average volume of 2,940,016. The firm's fifty day simple moving average is $76.38 and its 200-day simple moving average is $78.28. The stock has a market cap of $47.82 billion, a PE ratio of 43.39, a PEG ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Institutional Investors Weigh In On Nasdaq

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NINE MASTS CAPITAL Ltd bought a new stake in Nasdaq during the 4th quarter valued at about $274,000. Pacer Advisors Inc. lifted its holdings in Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after buying an additional 23,244 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Nasdaq by 892.3% during the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after buying an additional 54,535 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock valued at $3,454,000 after buying an additional 9,130 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Nasdaq during the 4th quarter valued at about $48,749,000. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research analyst reports. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Oppenheimer dropped their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned 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 $86.50.

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.