Nisa Investment Advisors LLC Lowers Stock Position in Nasdaq, Inc. $NDAQ

Nisa Investment Advisors LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.3% in the 3rd quarter, Holdings Channel reports. The firm owned 120,533 shares of the financial services provider’s stock after selling 10,971 shares during the period. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $10,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NDAQ. Bruce G. Allen Investments LLC increased its stake in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Front Row Advisors LLC purchased a new position in shares of Nasdaq during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Nasdaq during the second quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new position in Nasdaq in the 3rd quarter valued at about $27,000. Finally, Access Investment Management LLC purchased a new stake in Nasdaq during the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NDAQ. TD Cowen lifted their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price target (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Barclays set a $115.00 price objective on shares of Nasdaq and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $111.00 target price (up previously from $110.00) on shares of Nasdaq in a report on Monday, December 22nd. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $101.47.

Nasdaq Price Performance

Nasdaq stock opened at $98.24 on Friday. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $92.08 and a two-hundred day moving average of $91.63. The company has a market cap of $56.09 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. As a group, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. The trade was a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 306,605 shares of company stock worth $29,546,812. Company insiders own 0.70% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.