Insider Selling: Nasdaq, Inc. (NASDAQ:NDAQ) EVP Sells $47,179.17 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bryan Everard Smith also recently made the following trade(s):

• On Monday, February 3rd, Bryan Everard Smith sold 3,500 shares of Nasdaq stock. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00.

Nasdaq Stock Performance

NDAQ stock opened at $71.99 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $41.40 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The stock’s fifty day moving average is $77.24 and its two-hundred day moving average is $77.45.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Nasdaq’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America increased their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $85.88.

Institutional Investors Weigh In On Nasdaq

Institutional investors have recently bought and sold shares of the business. Olstein Capital Management L.P. lifted its holdings in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $274,000. Pacer Advisors Inc. increased its position in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares during the period. Teacher Retirement System of Texas increased its position in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock valued at $4,689,000 after purchasing an additional 54,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 9,130 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.