Pc Nelson Griggs Sells 5,742 Shares of Nasdaq, Inc. (NASDAQ:NDAQ) Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pc Nelson Griggs also recently made the following trade(s):

• On Monday, October 28th, Pc Nelson Griggs sold 6,000 shares of Nasdaq stock. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00.

Nasdaq Stock Up 0.7 %

NDAQ stock traded up $0.53 during mid-day trading on Friday, hitting $78.71. The stock had a trading volume of 2,228,376 shares, compared to its average volume of 2,887,142. The stock has a market capitalization of $45.24 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 2.93 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 1-year low of $51.30 and a 1-year high of $79.73. The company has a fifty day moving average of $73.49 and a 200 day moving average of $66.59.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently bought and sold shares of NDAQ. First Pacific Financial raised its stake in Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares during the period. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after buying an additional 149 shares during the period. Kentucky Retirement Systems lifted its stake in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 154 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after buying an additional 162 shares during the period. Finally, Smithfield Trust Co increased its position in shares of Nasdaq by 22.0% during the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 173 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, TD Cowen cut their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

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.