37,000 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,000 shares of the financial services provider’s stock, valued at approximately $2,701,000.

Several other institutional investors also recently made changes to their positions in NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at approximately $27,000. Y.D. More Investments Ltd increased its position 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 acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq in the second quarter worth about $26,000. Claro Advisors LLC purchased a new position in Nasdaq in the third quarter valued at about $33,000. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq during the 3rd quarter valued at approximately $35,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Raymond James upgraded 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 note on Monday, October 14th. Piper Sandler lifted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer boosted their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America reduced 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 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.07 on Friday. Nasdaq, Inc. has a 12-month low of $53.62 and a 12-month high of $81.35. The company has a market cap of $46.60 billion, a PE ratio of 48.54, a P/E/G ratio of 3.12 and a beta of 0.95. The stock has a 50 day simple moving average of $75.11 and a 200-day simple moving average of $68.04. 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 (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

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 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 1.18%. Nasdaq’s payout ratio is 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,459 shares of company stock valued at $3,811,808. Company insiders own 0.70% of the company’s stock.

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.