Nasdaq Inc (NDAQ) Insider Pc Nelson Griggs Sells 2,000 Shares

Nasdaq Inc (NASDAQ:NDAQ) insider Pc Nelson Griggs sold 2,000 shares of Nasdaq stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $89.42, for a total transaction of $178,840.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Nasdaq traded down $0.50, reaching $90.07, during midday trading on Friday, MarketBeat.com reports. The company had a trading volume of 994,341 shares, compared to its average volume of 974,280. The company has a market cap of $15.04 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.91 and a beta of 0.66. Nasdaq Inc has a 1-year low of $66.61 and a 1-year high of $91.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The business had revenue of $735.00 million during the quarter, compared to the consensus estimate of $649.55 million. Nasdaq had a return on equity of 12.93% and a net margin of 17.88%. Nasdaq’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. analysts anticipate that Nasdaq Inc will post 4.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s payout ratio is 37.44%.

Nasdaq declared that its board has approved a share buyback plan on Monday, January 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase boosted their target price on shares of Nasdaq from $87.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. BidaskClub raised shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 3rd. Deutsche Bank boosted their target price on shares of Nasdaq from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 6th. Bank of America raised shares of Nasdaq from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $65.98 to $90.00 in a research report on Thursday, April 26th. Finally, ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $88.27.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its stake in Nasdaq by 1.3% during the fourth quarter. SG Americas Securities LLC now owns 47,729 shares of the financial services provider’s stock worth $3,667,000 after acquiring an additional 627 shares in the last quarter. Blair William & Co. IL raised its stake in Nasdaq by 16.9% during the first quarter. Blair William & Co. IL now owns 4,767 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 688 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Nasdaq by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 21,786 shares of the financial services provider’s stock worth $1,674,000 after acquiring an additional 726 shares in the last quarter. Spectrum Management Group Inc. raised its stake in Nasdaq by 13.6% during the first quarter. Spectrum Management Group Inc. now owns 6,955 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 830 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Nasdaq by 6.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 14,730 shares of the financial services provider’s stock worth $1,132,000 after acquiring an additional 838 shares in the last quarter. 75.57% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

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