Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Hartford Investment Management Co.

Hartford Investment Management Co. increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,198 shares of the financial services provider’s stock after buying an additional 1,782 shares during the quarter. Hartford Investment Management Co.’s holdings in Nasdaq were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new position in Nasdaq in the 2nd quarter worth approximately $26,000. Claro Advisors LLC purchased a new position in Nasdaq during the 3rd quarter worth approximately $33,000. LRI Investments LLC acquired a new stake in Nasdaq during the 1st quarter valued at approximately $31,000. Finally, Crewe Advisors LLC boosted its holdings 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 acquiring an additional 314 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NDAQ has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a report on Tuesday, October 8th. Barclays lifted their price objective on Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley upped their target price on Nasdaq from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Oppenheimer lifted their price target on Nasdaq from $80.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods boosted their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.07.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $75.24 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $43.33 billion, a PE ratio of 43.24, a P/E/G ratio of 3.09 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $47.56 and a fifty-two week high of $75.58. The company has a fifty day moving average of $72.46 and a two-hundred day moving average of $65.60.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Nasdaq’s payout ratio is currently 55.17%.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

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.