Harbor Capital Advisors Inc. Sells 314 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Harbor Capital Advisors Inc. lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,670 shares of the financial services provider’s stock after selling 314 shares during the period. Harbor Capital Advisors Inc.’s holdings in Nasdaq were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Y.D. More Investments Ltd raised its position 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 in the 2nd quarter valued at about $26,000. Crewe Advisors LLC grew its position in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Nasdaq in the 1st quarter valued at about $31,000. Finally, Claro Advisors LLC bought a new stake in shares of Nasdaq in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NDAQ. Piper Sandler upped their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Friday, October 25th. Finally, Argus boosted their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. One investment 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. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Nasdaq Stock Up 1.9 %

NDAQ stock opened at $77.59 on Thursday. The stock’s 50 day simple moving average is $73.22 and its 200 day simple moving average is $66.43. Nasdaq, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $79.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $44.60 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.71 earnings per share. On average, research analysts expect that Nasdaq, Inc. will post 2.78 earnings per share 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 $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 $16,320,274.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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.