Atria Investments Inc Has $2.31 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Atria Investments Inc increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 23.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 31,665 shares of the financial services provider’s stock after acquiring an additional 6,035 shares during the period. Atria Investments Inc’s holdings in Nasdaq were worth $2,312,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NDAQ. Vanguard Group Inc. lifted its holdings in Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC lifted its holdings in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after purchasing an additional 94,122 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after purchasing an additional 602,040 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NDAQ shares. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Argus increased their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. 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 report on Thursday, October 3rd. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.87.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred 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 completion of 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 9.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred 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 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,384 shares of company stock worth $2,860,902. 0.70% of the stock is owned by insiders.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $78.06 on Friday. 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 business’s 50 day simple moving average is $74.15 and its two-hundred day simple moving average is $67.22. The stock has a market capitalization of $44.87 billion, a P/E ratio of 46.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. Nasdaq, Inc. has a one year low of $53.17 and a one year high of $80.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current 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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

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.