Ashton Thomas Securities LLC Purchases New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Ashton Thomas Securities LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 788 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other hedge funds have also recently made changes to their positions in NDAQ. Empowered Funds LLC lifted its position in Nasdaq by 35.8% in the first quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider’s stock worth $385,000 after buying an additional 1,609 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Nasdaq by 9.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 305,455 shares of the financial services provider’s stock worth $19,274,000 after purchasing an additional 26,545 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Nasdaq by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,680 shares of the financial services provider’s stock worth $24,715,000 after purchasing an additional 13,739 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Nasdaq by 32.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 428,562 shares of the financial services provider’s stock worth $27,042,000 after purchasing an additional 104,269 shares during the period. Finally, Ledyard National Bank bought a new stake in Nasdaq in the first quarter worth about $208,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This 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. In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last 90 days. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.9 %

Nasdaq stock opened at $79.87 on Thursday. Nasdaq, Inc. has a twelve month low of $52.32 and a twelve month high of $80.41. The business has a fifty day moving average of $74.06 and a two-hundred day moving average of $67.14. The firm has a market cap of $45.91 billion, a P/E ratio of 47.83, a P/E/G ratio of 3.10 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid 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 1.20%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. Barclays upped their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America cut their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq 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.