Nasdaq, Inc. $NDAQ Stock Holdings Increased by Stance Capital LLC

Stance Capital LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 667.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,524 shares of the financial services provider’s stock after purchasing an additional 23,936 shares during the period. Nasdaq comprises approximately 0.9% of Stance Capital LLC’s holdings, making the stock its 29th largest position. Stance Capital LLC’s holdings in Nasdaq were worth $2,434,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock valued at $5,275,902,000 after buying an additional 3,848,406 shares during the period. State Street Corp increased its stake in shares of Nasdaq by 7.7% in the third quarter. State Street Corp now owns 19,619,192 shares of the financial services provider’s stock worth $1,735,318,000 after acquiring an additional 1,404,348 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Nasdaq by 11.8% during the third quarter. Invesco Ltd. now owns 5,044,521 shares of the financial services provider’s stock worth $446,188,000 after acquiring an additional 532,775 shares in the last quarter. Norges Bank acquired a new stake in Nasdaq during the second quarter valued at $406,823,000. Finally, Northern Trust Corp boosted its position in Nasdaq by 2.9% during the third quarter. Northern Trust Corp now owns 4,198,608 shares of the financial services provider’s stock valued at $371,367,000 after purchasing an additional 116,542 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $86.47 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $49.15 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.03. The stock has a 50-day moving average of $90.10 and a 200-day moving average of $90.56. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 16th. Nasdaq’s payout ratio is presently 34.95%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. Finally, Barclays reiterated an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nasdaq presently has an average rating of “Buy” and a consensus target price of $103.80.

Insiders Place Their Bets

In related news, CEO Adena T. Friedman sold 92,840 shares of Nasdaq stock in a transaction on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the transaction, the chief executive officer owned 2,079,323 shares in the company, valued at $187,305,415.84. This trade represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares of the company’s stock, 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. Insiders sold 697,340 shares of company stock valued at $66,803,072 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

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.