Coldstream Capital Management Inc. Purchases 1,090 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Coldstream Capital Management Inc. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 17.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,396 shares of the financial services provider’s stock after buying an additional 1,090 shares during the period. Coldstream Capital Management Inc.’s holdings in Nasdaq were worth $550,000 at the end of the most recent reporting period.

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

Insider Activity

In other Nasdaq news, 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock worth $3,811,808 over the last ninety days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a report on Tuesday, November 19th. William Blair assumed coverage on Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Oppenheimer lifted their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, UBS Group upped their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.53.

Nasdaq Trading Down 0.9 %

NDAQ opened at $80.12 on Friday. The stock has a market capitalization of $46.05 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12 month low of $54.54 and a 12 month high of $83.77. The firm’s fifty day simple moving average is $77.59 and its 200 day simple moving average is $70.12.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company 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 company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, research analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

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 paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio is currently 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.