Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Graypoint LLC

Graypoint LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,068 shares of the financial services provider’s stock after acquiring an additional 313 shares during the quarter. Graypoint LLC’s holdings in Nasdaq were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. First Pacific Financial lifted its position in Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares during the period. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after buying an additional 149 shares during the period. Signaturefd LLC lifted its position in shares of Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 173 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 197 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $78.18 on Friday. 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, Inc. has a one year low of $51.20 and a one year high of $79.27. The company has a fifty day moving average price of $73.49 and a 200 day moving average price of $66.59. The stock has a market cap of $44.93 billion, a P/E ratio of 46.81, a PEG ratio of 2.93 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for 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 firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. Analysts anticipate that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. Nasdaq’s payout ratio is 57.49%.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays raised their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Oppenheimer upped their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.33.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,642 shares of the 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 transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

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.