Oak Harvest Investment Services Sells 19,449 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Oak Harvest Investment Services reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 68.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the financial services provider’s stock after selling 19,449 shares during the quarter. Oak Harvest Investment Services’ holdings in Nasdaq were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NDAQ. SteelPeak Wealth LLC purchased a new stake in Nasdaq during the third quarter valued at about $257,000. First Trust Direct Indexing L.P. raised its holdings in Nasdaq by 25.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,187 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 2,640 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Nasdaq by 0.4% in the third quarter. New York State Teachers Retirement System now owns 329,905 shares of the financial services provider’s stock worth $24,086,000 after buying an additional 1,276 shares during the period. abrdn plc boosted its position in shares of Nasdaq by 23.6% during the third quarter. abrdn plc now owns 169,272 shares of the financial services provider’s stock valued at $12,313,000 after purchasing an additional 32,370 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in shares of Nasdaq during the 3rd quarter valued at $202,000. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated 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 sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on NDAQ. TD Cowen dropped their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Bank of America reduced their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Barclays upped their target price on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.27.

Nasdaq Stock Down 0.4 %

NDAQ stock opened at $75.55 on Thursday. The company’s 50 day moving average price is $72.88 and its 200 day moving average price is $65.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $76.71. The firm has a market capitalization of $43.51 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 3.10 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data 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 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 revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. On average, equities research analysts anticipate that Nasdaq, Inc. will post 2.76 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

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.