Nasdaq, Inc. $NDAQ Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,131 shares of the financial services provider’s stock after selling 20,469 shares during the period. Sterling Capital Management LLC’s holdings in Nasdaq were worth $20,622,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its position in Nasdaq by 2.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock valued at $353,000 after buying an additional 108 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Nasdaq by 2.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,633 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 118 shares in the last quarter. Quantum Portfolio Management LLC boosted its holdings in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 123 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Nasdaq by 2.5% in the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 137 shares during the period. Finally, AlphaCentric Advisors LLC grew its stake in Nasdaq by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 145 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Down 0.7%

NDAQ traded down $0.74 during midday trading on Friday, reaching $102.56. 4,204,544 shares of the company were exchanged, compared to its average volume of 3,160,876. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.00. The company’s fifty day moving average price is $94.86 and its 200 day moving average price is $91.05. The company has a market cap of $57.33 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $104.21.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping 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 firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts expect that Nasdaq, Inc. will post 4.13 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a dividend of $0.31 per share. 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 36.15%.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Nasdaq reported adjusted EPS of $1.04, topping the $1.02 consensus and rising from $0.88 a year earlier. Net revenue increased 13% year over year to approximately $1.5 billion, while solutions revenue grew 17%. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring revenue and growth businesses remain strong: Annualized recurring revenue reached a record $3.4 billion, with index revenue up 39% and continued double-digit growth in fintech and technology. Investors are also focused on Nasdaq’s AI-related solutions, tokenization opportunities and recurring-revenue model as potential long-term growth drivers. NDAQ Q3 Deep Dive
• Positive Sentiment: Analysts raised price targets: Goldman Sachs raised its target to $120 and maintained a Buy rating; Morgan Stanley increased its target to $132 with an Overweight rating; JPMorgan lifted its target to $122 and Wells Fargo raised its target to $111. The revisions signal greater confidence in Nasdaq’s earnings and recurring-revenue outlook. Analyst Rating Updates
• Positive Sentiment: Options activity was notably bullish: Traders purchased 7,716 call options, approximately 320% above average call volume, indicating increased speculative interest following the earnings release.
• Neutral Sentiment: Dividend was maintained: Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and an approximate 1.2% yield. The payment is scheduled for December 18. Nasdaq Dividend Announcement
• Negative Sentiment: Valuation and insider selling may be limiting gains: Nasdaq trades near its 52-week high at roughly 30 times earnings. EVP Jeremy Skule also sold 1,125 shares for about $107,000, a modest transaction but part of a broader pattern of insider selling that could weigh on sentiment. SEC Insider Transaction Filing

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 1,125 shares of Nasdaq stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total transaction of $106,875.00. Following the transaction, the executive vice president directly owned 96,561 shares in the company, valued at $9,173,295. This represents a 1.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,520 shares of company stock valued at $2,520,957 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Rothschild & Co Redburn decreased their price objective on Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, September 10th. JPMorgan Chase & Co. increased their target price on Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Nasdaq in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Nasdaq from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.53.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.