Horizon Kinetics Asset Management LLC Decreases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Horizon Kinetics Asset Management LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,918 shares of the financial services provider’s stock after selling 655 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Nasdaq were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after acquiring an additional 57,900 shares during the last quarter. Swedbank AB acquired a new position in shares of Nasdaq during the first quarter worth $2,595,000. Diversified Trust Co increased its holdings in Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 8,974 shares during the last quarter. Cetera Investment Advisers raised its stake in Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after buying an additional 10,427 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Nasdaq by 8.9% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock worth $18,295,000 after buying an additional 23,557 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction 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 owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, 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. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 1.9 %

NDAQ opened at $82.65 on Monday. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $82.65. The business has a 50 day moving average price of $75.11 and a two-hundred day moving average price of $68.15. 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 company has a market cap of $47.50 billion, a PE ratio of 48.55, a P/E/G ratio of 3.16 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its 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 return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, research analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NDAQ shares. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Bank of America cut their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Piper Sandler upped their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Company 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.