Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,929 shares of the financial services provider’s stock after acquiring an additional 4,800 shares during the quarter. Janus Henderson Group PLC’s holdings in Nasdaq were worth $4,302,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Citizens Financial Group Inc. RI increased its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the last quarter. First Pacific Financial increased its holdings in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after buying an additional 149 shares during the period. Kentucky Retirement Systems boosted its holdings in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 154 shares during the last quarter. Finally, Signaturefd LLC grew its position in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % 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 90 days. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 0.9 %

NASDAQ NDAQ opened at $80.43 on Wednesday. The company has a market capitalization of $46.23 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $53.87 and a 12 month high of $83.77. The company’s fifty day moving average price is $77.10 and its two-hundred day moving average price is $69.84.

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

Nasdaq Announces Dividend

The company also recently declared 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. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Analyst Ratings Changes

A number of research firms have recently commented on NDAQ. William Blair initiated coverage on Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley increased their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Piper Sandler lifted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.53.

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.