4,949 Nasdaq, Inc. $NDAQ Shares Purchased by Ethic Inc.

Ethic Inc. boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,860 shares of the financial services provider’s stock after acquiring an additional 4,949 shares during the quarter. Ethic Inc.’s holdings in Nasdaq were worth $9,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NDAQ. BlackRock Inc. purchased a new position in shares of Nasdaq in the 2nd quarter valued at approximately $2,931,637,000. Bank of America Corp DE purchased a new stake in shares of Nasdaq during the second quarter worth approximately $603,631,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Nasdaq during the second quarter worth approximately $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Nasdaq by 4.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock worth $306,145,000 after purchasing an additional 177,114 shares during the period. Finally, Amundi lifted its holdings in shares of Nasdaq by 19.6% during the first quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock worth $247,063,000 after purchasing an additional 476,913 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 30th. Argus upped their price objective on shares of Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Raymond James Financial reduced their target price on shares of Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, Bank of America lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the completion of the sale, the executive vice president owned 96,561 shares of the company’s stock, valued at approximately $9,173,295. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $107.75, for a total transaction of $538,750.00. Following the sale, the executive vice president owned 109,306 shares in the company, valued at $11,777,721.50. The trade was a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 32,452 shares of company stock worth $3,366,669. 0.60% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $107.12 on Monday. The company has a market cap of $59.45 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The stock has a 50 day simple moving average of $96.60 and a 200-day simple moving average of $90.89. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $111.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s dividend payout ratio is presently 33.88%.

Nasdaq 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.