Integrated Advisors Network LLC Reduces Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Integrated Advisors Network LLC lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.9% in the third quarter, HoldingsChannel.com reports. The firm owned 21,080 shares of the financial services provider’s stock after selling 182 shares during the quarter. Integrated Advisors Network LLC’s holdings in Nasdaq were worth $1,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in shares of Nasdaq by 7.5% during the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after acquiring an additional 16,797 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Nasdaq by 312.0% during the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after acquiring an additional 139,228 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Nasdaq by 237.3% during the first quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after acquiring an additional 21,699 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after acquiring an additional 57,900 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Nasdaq during the first quarter valued at approximately $2,595,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Piper Sandler increased their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays increased their price objective on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Morgan Stanley increased their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.27.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $75.55 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94. Nasdaq, Inc. has a 1-year low of $48.47 and a 1-year high of $76.71. The company has a market capitalization of $43.51 billion, a PE ratio of 45.24, a PEG ratio of 3.10 and a beta of 0.95. The business has a fifty day moving average price of $72.88 and a 200-day moving average price of $65.97.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $0.71 earnings per share. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. As a group, equities analysts expect that Nasdaq, Inc. will post 2.76 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

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.