Nasdaq, Inc. $NDAQ Shares Newly Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, Holdings Channel.com reports. The fund bought 13,926 shares of the financial services provider’s stock, valued at approximately $1,281,000.

A number of other large investors have also made changes to their positions in the company. Lido Advisors LLC boosted its holdings in shares of Nasdaq by 9.7% in the third quarter. Lido Advisors LLC now owns 34,832 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 3,083 shares during the last quarter. 71 West Capital Partners grew its position in Nasdaq by 6.2% during the third quarter. 71 West Capital Partners now owns 2,715 shares of the financial services provider’s stock valued at $250,000 after buying an additional 159 shares during the period. AlphaCore Capital LLC increased its holdings in Nasdaq by 16.4% during the third quarter. AlphaCore Capital LLC now owns 12,007 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 1,695 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in Nasdaq during the third quarter valued at approximately $279,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Nasdaq by 6.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 22,050 shares of the financial services provider’s stock valued at $2,021,000 after buying an additional 1,247 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Down 0.9%

Shares of NASDAQ:NDAQ opened at $108.65 on Friday. The stock has a 50 day moving average of $97.52 and a 200 day moving average of $91.10. The company has a market cap of $60.30 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.95. 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 released its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $0.88 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, December 4th. Nasdaq’s dividend payout ratio is presently 33.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NDAQ. Morgan Stanley lifted their price target on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Nasdaq from $100.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd. The Goldman Sachs Group upped their price objective on Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Raymond James Financial decreased their target price on Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. Finally, Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the sale, the executive vice president directly owned 96,561 shares in the company, valued at $9,173,295. This trade represents a 1.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tal Cohen sold 10,390 shares of Nasdaq stock in a transaction 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 transaction, the insider owned 205,076 shares in the company, valued at approximately $21,192,553.84. This trade represents a 4.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,452 shares of company stock worth $3,366,669 over the last three months. 0.60% of the stock is currently owned by company insiders.

About Nasdaq

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.