Nasdaq (NASDAQ:NDAQ) Shares Unloaded Rep. Jefferson Shreve

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 Price Performance

NASDAQ:NDAQ traded up $1.34 during mid-day trading on Friday, reaching $94.84. The stock had a trading volume of 5,276,392 shares, compared to its average volume of 3,258,497. Nasdaq, Inc. has a 12 month low of $64.33 and a 12 month high of $95.49. The stock has a market capitalization of $54.45 billion, a PE ratio of 36.48, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.98. The stock has a 50-day simple moving average of $86.87 and a two-hundred day simple moving average of $80.62.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company posted $0.69 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Institutional Trading of Nasdaq

A number of institutional investors have recently bought and sold shares of NDAQ. Vanguard Group Inc. boosted its position in shares of Nasdaq by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock valued at $4,019,037,000 after purchasing an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nasdaq by 5.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock worth $1,550,115,000 after buying an additional 993,553 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Nasdaq by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock worth $849,783,000 after buying an additional 257,465 shares during the period. Franklin Resources Inc. grew its position in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after buying an additional 1,225,672 shares during the period. Finally, Harris Associates L P increased its stake in shares of Nasdaq by 1.2% in the 1st quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider's stock valued at $659,487,000 after acquiring an additional 101,983 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction dated 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 sale, the insider owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,613 shares of company stock worth $1,874,659 in the last quarter. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Morgan Stanley boosted their target price on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.63.

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.

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.