Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.4% in the third quarter, Holdings Channel.com reports. The firm owned 104,708 shares of the financial services provider’s stock after buying an additional 29,568 shares during the period. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $7,645,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its position in shares of Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 137 shares in the last quarter. First Pacific Financial grew its position in shares of Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares in the last quarter. Kentucky Retirement Systems grew its position in shares of Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 154 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Nasdaq by 2.5% in 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 in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.6 %

NDAQ opened at $81.52 on Tuesday. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $82.39. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $75.27 and its 200-day moving average is $68.30. The company has a market capitalization of $46.85 billion, a PE ratio of 48.81, a P/E/G ratio of 3.16 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping 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 company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on 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 owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The shares were 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 owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. William Blair initiated coverage on Nasdaq in a report on Monday. They issued an “outperform” rating on the stock. Finally, Barclays raised their price target on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.