First National Trust Co Has $347,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

First National Trust Co cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,759 shares of the financial services provider’s stock after selling 432 shares during the period. First National Trust Co’s holdings in Nasdaq were worth $347,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Pacific Financial grew its position in shares of Nasdaq by 1.0% during the 3rd 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 in the last quarter. Crestwood Advisors Group LLC grew its position in Nasdaq by 4.2% during the third 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 in the last quarter. Signaturefd LLC increased its stake in Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 162 shares during the period. Evergreen Capital Management LLC raised its holdings in Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Nasdaq by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 200 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,384 shares of company stock valued at $2,860,902 over the last ninety days. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 0.9 %

NDAQ opened at $79.87 on Thursday. 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 fifty-two week low of $52.32 and a fifty-two week high of $80.41. The company’s 50 day moving average price is $74.06 and its two-hundred day moving average price is $67.14. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 3.10 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for 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%. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, research analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

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 dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Analysts Set New Price Targets

NDAQ has been the subject of a number of analyst reports. Barclays boosted their price target on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Argus boosted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley increased their price target 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. TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.