Nasdaq (NASDAQ:NDAQ) EVP Bradley Peterson Sells 3,987 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 3,987 shares of Nasdaq stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $104.75, for a total transaction of $417,638.25. Following the transaction, the executive vice president owned 114,306 shares in the company, valued at approximately $11,973,553.50. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nasdaq Stock Up 0.0%

Shares of NASDAQ:NDAQ traded up $0.05 during trading on Thursday, reaching $105.60. 4,865,291 shares of the company traded hands, compared to its average volume of 3,785,623. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $58.60 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 1.84 and a beta of 0.99. The firm has a fifty day simple moving average of $95.35 and a 200 day simple moving average of $90.61. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $107.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio (DPR) is currently 33.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial decreased their price objective on Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. JPMorgan Chase & Co. increased their price target on Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Zacks Research downgraded Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Argus raised their target price on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Nasdaq in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NDAQ. Eastern Bank boosted its position in shares of Nasdaq by 168.0% in the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Compass Wealth Management LLC bought a new position in Nasdaq in the 3rd quarter worth $29,000. Fiduciary Financial Advisors purchased a new stake in Nasdaq in the 2nd quarter worth approximately $25,000. Center for Financial Planning Inc. purchased a new position in Nasdaq in the 3rd quarter worth approximately $32,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Nasdaq in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.