Nasdaq, Inc. (NASDAQ:NDAQ) Stake Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,956 shares of the financial services provider’s stock after purchasing an additional 590 shares during the period. D.A. Davidson & CO.’s holdings in Nasdaq were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd boosted its stake in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the second quarter worth about $26,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the 3rd quarter valued at about $27,000. Crewe Advisors LLC boosted its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. Finally, Claro Advisors LLC bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $33,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NDAQ shares. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays lifted their target price on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. UBS Group increased their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler boosted their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Stock Down 0.1 %

Shares of Nasdaq stock opened at $82.99 on Monday. The firm has a market cap of $47.70 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95. The stock has a 50-day simple moving average of $76.02 and a 200-day simple moving average of $68.87. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last quarter. Insiders own 0.70% of the company’s stock.

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.