Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,860 shares of the financial services provider’s stock after purchasing an additional 795 shares during the period. Private Advisor Group LLC’s holdings in Nasdaq were worth $793,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Pacific Financial grew its holdings in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares during the period. Signaturefd LLC grew its holdings in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 162 shares during the period. Smithfield Trust Co grew its holdings in Nasdaq by 22.0% during the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 173 shares during the period. Evergreen Capital Management LLC grew its holdings in Nasdaq by 5.4% during the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 197 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, 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. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $74.32 on Friday. Nasdaq, Inc. has a 1-year low of $48.82 and a 1-year high of $76.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market cap of $42.72 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 2.90 and a beta of 0.95. The stock’s 50 day simple moving average is $73.03 and its 200-day simple moving average is $66.13.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio is presently 57.49%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Oppenheimer increased their price target on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Friday, October 25th. Finally, TD Cowen lowered their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

Nasdaq Company Profile

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.