Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.9% in the third quarter, HoldingsChannel reports. The firm owned 20,869 shares of the financial services provider’s stock after acquiring an additional 984 shares during the period. Assetmark Inc.’s holdings in Nasdaq were worth $1,524,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NDAQ. First Pacific Financial raised 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 buying an additional 142 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in Nasdaq by 4.2% during 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. Signaturefd LLC raised its holdings in Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after buying an additional 162 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % 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, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 37,384 shares of company stock valued at $2,860,902 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $78.06 on Friday. The firm’s 50-day simple moving average is $74.15 and its 200 day simple moving average is $67.22. The stock has a market cap of $44.87 billion, a P/E ratio of 46.74, a P/E/G ratio of 3.10 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $53.17 and a fifty-two week high of $80.77. 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 (NASDAQ:NDAQ) last announced its 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. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Equities analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current 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 given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NDAQ. Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Cowen lowered their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Barclays increased their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

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.