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 business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now directly owns 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nasdaq Stock Down 0.2%

NDAQ traded down $0.19 during trading on Tuesday, hitting $83.81. The company had a trading volume of 3,433,468 shares, compared to its average volume of 2,939,361. The company has a market cap of $48.12 billion, a PE ratio of 43.65, a P/E/G ratio of 2.12 and a beta of 1.00. The business has a 50-day moving average of $76.51 and a 200-day moving average of $78.32. 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 1-year low of $58.28 and a 1-year high of $84.21.

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

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio is currently 49.09%.

Institutional Trading of Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $424,285,000. Nuveen LLC acquired a new stake in Nasdaq in the first quarter worth $241,614,000. Ameriprise Financial Inc. increased its position in Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after buying an additional 1,650,201 shares during the period. Invesco Ltd. increased its holdings in shares of Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider's stock worth $416,795,000 after acquiring an additional 1,592,057 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Nasdaq in the 4th quarter worth about $110,867,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NDAQ shares. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research report on Tuesday, April 8th. Barclays lowered their price target on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Citigroup decreased their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.

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.