Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,324,764 shares of the financial services provider’s stock after selling 559,712 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.54% of Nasdaq worth $1,483,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the 3rd quarter valued at about $27,000. Y.D. More Investments Ltd increased its stake in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Nasdaq in the second quarter valued at approximately $26,000. Claro Advisors LLC purchased a new position in Nasdaq in the third quarter worth approximately $33,000. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 0.1 %

Shares of NASDAQ NDAQ opened at $80.08 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $74.78 and a 200 day moving average price of $67.82. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $81.08. The stock has a market capitalization of $46.03 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 21.9% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last quarter. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of analyst reports. Piper Sandler raised their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer raised their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Argus lifted their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. TD Cowen dropped their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Morgan Stanley boosted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

About Nasdaq

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.