9,690 Nasdaq, Inc. $NDAQ Shares Sold by Ascent Group LLC

Ascent Group LLC lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 35.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,940 shares of the financial services provider’s stock after selling 9,690 shares during the period. Ascent Group LLC’s holdings in Nasdaq were worth $1,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 3Chopt Investment Partners LLC acquired a new stake in shares of Nasdaq during the third quarter worth $214,000. Rakuten Investment Management Inc. raised its stake in shares of Nasdaq by 8.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 79,966 shares of the financial services provider’s stock worth $7,345,000 after acquiring an additional 6,432 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new stake in Nasdaq in the 3rd quarter worth about $114,000. TrinityBridge Ltd increased its holdings in Nasdaq by 0.4% during the 3rd quarter. TrinityBridge Ltd now owns 170,214 shares of the financial services provider’s stock worth $15,661,000 after purchasing an additional 681 shares during the period. Finally, Lyell Wealth Management LP boosted its position in Nasdaq by 5.6% during the third quarter. Lyell Wealth Management LP now owns 39,558 shares of the financial services provider’s stock worth $3,640,000 after purchasing an additional 2,108 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. The Goldman Sachs Group upped their price objective on shares of Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Piper Sandler reissued an “overweight” rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. Bank of America decreased their price objective on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Finally, Zacks Research cut Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.53.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley Peterson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $107.75, for a total transaction of $538,750.00. Following the transaction, the executive vice president owned 109,306 shares of the company’s stock, valued at approximately $11,777,721.50. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tal Cohen sold 10,390 shares of Nasdaq stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $103.34, for a total transaction of $1,073,702.60. Following the sale, the insider owned 205,076 shares in the company, valued at $21,192,553.84. This represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,452 shares of company stock worth $3,366,669 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ stock opened at $107.12 on Friday. The company’s 50-day simple moving average is $96.60 and its two-hundred day simple moving average is $90.89. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $111.45. The company has a market capitalization of $59.45 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $0.88 EPS. Nasdaq’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio is presently 33.88%.

Nasdaq Company Profile

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.