Tidal Investments LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 38.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,535 shares of the financial services provider’s stock after purchasing an additional 16,868 shares during the quarter. Tidal Investments LLC’s holdings in Nasdaq were worth $4,420,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Citizens Financial Group Inc. RI grew its holdings in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the last quarter. First Pacific Financial boosted its position in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the last quarter. Kentucky Retirement Systems increased its position in Nasdaq by 0.5% during the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 154 shares during the period. Finally, Signaturefd LLC raised its stake in Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NDAQ has been the topic of several research analyst reports. UBS Group raised their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Barclays upped their price target on Nasdaq from $87.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday, October 14th. Finally, Oppenheimer raised 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. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.53.
Insider Activity
In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction on 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 sale, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by corporate insiders.
Nasdaq Price Performance
NASDAQ:NDAQ opened at $80.12 on Friday. The firm has a market cap of $46.05 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97. The company’s 50-day moving average price is $77.59 and its two-hundred day moving average price is $70.12. 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, Inc. has a 12 month low of $54.54 and a 12 month high of $83.77.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its 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. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $0.71 EPS. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 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.
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