D.A. Davidson & CO. Has $1.09 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

D.A. Davidson & CO. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% in the third quarter, Holdings Channel reports. The institutional investor owned 14,956 shares of the financial services provider’s stock after purchasing an additional 590 shares during the period. D.A. Davidson & CO.’s holdings in Nasdaq were worth $1,092,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NDAQ. Y.D. More Investments Ltd raised its holdings in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq in the second quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter worth $27,000. Crewe Advisors LLC boosted its stake in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after buying an additional 314 shares in the last quarter. Finally, Claro Advisors LLC bought a new stake in Nasdaq in the 3rd quarter valued at $33,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NDAQ shares. William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Piper Sandler raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred 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 transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last ninety days. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ stock opened at $82.99 on Monday. The company has a 50 day moving average price of $76.02 and a 200 day moving average price of $68.87. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is 57.49%.

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.