Rep. Jefferson Shreve Sells Off Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Nasdaq, Inc. NASDAQ: NDAQ. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Nasdaq stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Nasdaq Stock Up 1.4%

Shares of Nasdaq stock traded up $1.34 during trading on Friday, reaching $94.84. 5,276,392 shares of the company traded hands, compared to its average volume of 3,344,174. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. Nasdaq, Inc. has a 1-year low of $64.33 and a 1-year high of $95.49. The company has a 50 day moving average price of $86.62 and a 200-day moving average price of $80.47. The firm has a market capitalization of $54.45 billion, a PE ratio of 43.11, a P/E/G ratio of 2.12 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $0.69 EPS. Nasdaq's quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.14%. Nasdaq's payout ratio is presently 49.09%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday. UBS Group upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $95.00 to $115.00 in a report on Friday. Piper Sandler restated an "overweight" rating and set a $97.00 price objective (up previously from $83.00) on shares of Nasdaq in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.63.

Insider Activity

In related news, insider Pc Nelson Griggs sold 8,000 shares of the firm'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 sale, the insider directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the sale, the executive vice president directly owned 94,656 shares in the company, valued at $8,440,475.52. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,613 shares of company stock worth $1,874,659. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nasdaq

A number of large investors have recently modified their holdings of the company. NorthRock Partners LLC boosted its position in shares of Nasdaq by 39.6% in the second quarter. NorthRock Partners LLC now owns 7,707 shares of the financial services provider's stock valued at $689,000 after acquiring an additional 2,187 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Nasdaq by 37.2% in the second quarter. Atria Wealth Solutions Inc. now owns 3,851 shares of the financial services provider's stock valued at $344,000 after acquiring an additional 1,045 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Nasdaq by 17.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 25,244 shares of the financial services provider's stock valued at $2,257,000 after acquiring an additional 3,731 shares during the period. Endowment Wealth Management Inc. bought a new position in shares of Nasdaq in the second quarter valued at approximately $275,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Nasdaq by 16.8% in the second quarter. Sequoia Financial Advisors LLC now owns 66,780 shares of the financial services provider's stock valued at $5,971,000 after acquiring an additional 9,609 shares during the period. 72.47% of the stock is currently owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.