Nasdaq, Inc. $NDAQ Shares Bought by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 41.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,765 shares of the financial services provider’s stock after acquiring an additional 8,490 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Nasdaq were worth $2,544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Nasdaq by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 276,861 shares of the financial services provider’s stock valued at $20,973,000 after purchasing an additional 13,820 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Nasdaq by 222.3% in the first quarter. Kovitz Investment Group Partners LLC now owns 22,976 shares of the financial services provider’s stock worth $1,743,000 after buying an additional 15,848 shares during the period. Horizon Investments LLC grew its stake in shares of Nasdaq by 4.9% in the first quarter. Horizon Investments LLC now owns 5,943 shares of the financial services provider’s stock valued at $451,000 after buying an additional 279 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nasdaq by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,633,730 shares of the financial services provider’s stock valued at $199,777,000 after buying an additional 115,217 shares during the period. Finally, Aberdeen Group plc lifted its position in Nasdaq by 105.3% during the 1st quarter. Aberdeen Group plc now owns 298,814 shares of the financial services provider’s stock worth $22,422,000 after acquiring an additional 153,261 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the 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 transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Nasdaq Stock Down 0.3%

Shares of NASDAQ:NDAQ opened at $93.57 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $88.52 and a 200 day simple moving average of $90.00. The firm has a market cap of $53.43 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s payout ratio is currently 38.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NDAQ. Raymond James Financial restated an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Barclays reaffirmed an “overweight” rating and set a $114.00 price target (up from $109.00) on shares of Nasdaq in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research note on Thursday, October 9th. Finally, TD Cowen upped their price objective on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

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.