3,626 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by PFG Investments LLC

PFG Investments LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,626 shares of the financial services provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. NorthCrest Asset Manangement LLC grew its holdings in shares of Nasdaq by 0.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 502,335 shares of the financial services provider’s stock valued at $36,676,000 after purchasing an additional 1,439 shares during the last quarter. Forsta AP Fonden boosted its position in Nasdaq by 14.4% during the 3rd quarter. Forsta AP Fonden now owns 85,900 shares of the financial services provider’s stock valued at $6,272,000 after purchasing an additional 10,800 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Nasdaq by 33.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,043 shares of the financial services provider’s stock valued at $2,544,000 after purchasing an additional 8,837 shares during the period. Louisiana State Employees Retirement System grew its stake in Nasdaq by 8.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock worth $1,701,000 after buying an additional 1,800 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in Nasdaq by 13.2% in the third quarter. Ballentine Partners LLC now owns 12,648 shares of the financial services provider’s stock worth $923,000 after buying an additional 1,475 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NDAQ. Morgan Stanley upped their price target 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. Oppenheimer upped their target price on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group lifted their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.27.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction 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 approximately $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. 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 completion of the transaction, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $75.55 on Thursday. Nasdaq, Inc. has a 52 week low of $48.47 and a 52 week high of $76.71. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. The stock has a market cap of $43.51 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company’s 50-day moving average price is $72.88 and its two-hundred day moving average price is $65.97.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 2.76 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio 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.