Nasdaq (NASDAQ:NDAQ) EVP Sells $413,520.00 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 4,000 shares of Nasdaq stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total transaction of $413,520.00. Following the transaction, the executive vice president directly owned 118,293 shares in the company, valued at approximately $12,229,130.34. This represents a 3.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $105.60 on Friday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $107.93. The stock’s 50 day moving average price is $95.54 and its 200-day moving average price is $90.65. The company has a market capitalization of $58.60 billion, a PE ratio of 28.85, a PEG ratio of 1.85 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s payout ratio is currently 33.88%.

Hedge Funds Weigh In On Nasdaq

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Nasdaq by 5.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 966,378 shares of the financial services provider’s stock valued at $88,890,000 after buying an additional 50,229 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nasdaq during the 3rd quarter worth $10,910,000. Profund Advisors LLC grew its stake in shares of Nasdaq by 9.9% during the 3rd quarter. Profund Advisors LLC now owns 4,113 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 369 shares during the period. Vise Technologies Inc. grew its stake in shares of Nasdaq by 108.7% during the 3rd quarter. Vise Technologies Inc. now owns 63,194 shares of the financial services provider’s stock worth $5,815,000 after acquiring an additional 32,912 shares during the period. Finally, Avestar Capital LLC purchased a new stake in Nasdaq in the 3rd quarter worth about $261,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NDAQ shares. Bank of America decreased their target price on Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Morgan Stanley increased their price target on shares of Nasdaq from $118.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Raymond James Financial reduced their price target on shares of Nasdaq from $119.00 to $109.00 in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.53.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: New trading technology: Nasdaq Europe plans to launch “trajectory trading” in November, expanding its technology offering and potentially supporting future trading-related revenue. Nasdaq Europe to Launch Trajectory Trading
• Positive Sentiment: Strong earnings backdrop: Nasdaq recently exceeded quarterly EPS expectations, reporting $1.04 versus the $1.02 consensus, while revenue reached $2.39 billion and grew 12.6% year over year. Analysts’ average price target of $113.53 remains above the recent trading level, reinforcing the bullish case.
• Neutral Sentiment: Routine exchange enforcement: Nasdaq notified Charming Medical Limited that it expects to delist the company on November 9 unless it successfully appeals. Nasdaq also halted TJGC Group trading while requesting additional information. These actions demonstrate regulatory oversight but are unlikely to materially affect NDAQ’s financial results. Charming Medical Anticipated Delisting Nasdaq Halts TJGC Group
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, following a separate sale of 4,000 shares. Director/executive Tal Cohen also sold 10,390 shares. Although the executives retain substantial positions, the transactions could encourage some profit-taking after NDAQ’s strong advance. Nasdaq Insider Cohen Tal Sells Shares

Nasdaq Company Profile

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.