Eventide Asset Management LLC Takes $12.31 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Eventide Asset Management LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 168,546 shares of the financial services provider’s stock, valued at approximately $12,306,000.

Several other large investors also recently made changes to their positions in NDAQ. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Nasdaq in the 2nd quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at about $27,000. Crewe Advisors LLC lifted its position in 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 in the last quarter. Finally, Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at about $33,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NDAQ. Bank of America dropped their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research report on Monday, October 14th. William Blair began coverage on shares of Nasdaq in a research report on Monday. They set an “outperform” rating on the stock. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Piper Sandler raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Up 0.5 %

NDAQ opened at $83.05 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $83.50. The company has a market capitalization of $47.73 billion, a PE ratio of 49.73, a PEG ratio of 3.23 and a beta of 0.95. The firm’s 50 day simple moving average is $75.67 and its two-hundred day simple moving average is $68.56.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. As a group, equities analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business 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 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 payout ratio is 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, 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 directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The stock was 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 directly owns 102,505 shares of the company’s stock, 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. Over the last ninety days, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate 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.