Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 389,021 shares of the financial services provider’s stock after purchasing an additional 11,340 shares during the quarter. Nasdaq comprises approximately 1.1% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Braun Stacey Associates Inc.’s holdings in Nasdaq were worth $28,402,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Blair William & Co. IL boosted its holdings in Nasdaq by 55.8% during the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after acquiring an additional 9,894 shares during the period. Vanguard Group Inc. grew its stake in shares of Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Nasdaq by 11.0% during the first quarter. Acadian Asset Management LLC now owns 103,302 shares of the financial services provider’s stock valued at $6,516,000 after purchasing an additional 10,266 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Nasdaq by 1.1% during the first quarter. Ameritas Investment Partners Inc. now owns 28,186 shares of the financial services provider’s stock valued at $1,779,000 after purchasing an additional 320 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Nasdaq by 7.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,828 shares of the financial services provider’s stock valued at $1,630,000 after acquiring an additional 1,847 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of recent analyst reports. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. Barclays lifted their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. TD Cowen decreased 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. UBS Group lifted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Stock Up 0.9 %

Shares of NASDAQ NDAQ opened at $78.76 on Monday. 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 12 month low of $53.36 and a 12 month high of $80.77. The firm has a market capitalization of $45.27 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The firm has a fifty day simple moving average of $74.28 and a two-hundred day simple moving average of $67.46.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $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. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last three months. 0.70% of the stock is owned by company insiders.

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.