15,786 Shares in Nasdaq, Inc. $NDAQ Bought by Mount Lucas Management LP

Mount Lucas Management LP bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,786 shares of the financial services provider’s stock, valued at approximately $1,412,000.

Several other hedge funds have also added to or reduced their stakes in NDAQ. CWM LLC increased its position in Nasdaq by 15.9% in the 1st quarter. CWM LLC now owns 14,634 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 2,011 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Nasdaq by 3.2% in the first quarter. Wealthfront Advisers LLC now owns 21,893 shares of the financial services provider’s stock worth $1,661,000 after purchasing an additional 676 shares during the last quarter. Larson Financial Group LLC increased its holdings in Nasdaq by 61.6% in the first quarter. Larson Financial Group LLC now owns 989 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 377 shares during the period. Diversify Advisory Services LLC bought a new position in Nasdaq during the 1st quarter worth $312,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in Nasdaq by 57.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,333 shares of the financial services provider’s stock worth $556,000 after buying an additional 2,673 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $87.08 on Monday. The business has a 50-day simple moving average of $88.99 and a 200 day simple moving average of $88.75. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $49.72 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion during 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%. Nasdaq’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s payout ratio is presently 38.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on NDAQ. Morgan Stanley set a $90.00 price target on Nasdaq and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. UBS Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.