Avitas Wealth Management LLC Sells 184 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Avitas Wealth Management LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 18,499 shares of the financial services provider’s stock after selling 184 shares during the quarter. Avitas Wealth Management LLC’s holdings in Nasdaq were worth $1,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. First Pacific Financial raised its position in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares during the period. Signaturefd LLC raised its position in shares of Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the period. Smithfield Trust Co raised its position in shares of Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 173 shares during the period. Evergreen Capital Management LLC raised its position in shares of Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 197 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Nasdaq by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 200 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDAQ. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. TD Cowen dropped their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research report on Monday, October 14th. Morgan Stanley boosted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Oppenheimer boosted their target price on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Down 0.4 %

Shares of NASDAQ:NDAQ opened at $75.55 on Thursday. Nasdaq, Inc. has a 52 week low of $48.47 and a 52 week high of $76.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95. The company’s fifty day moving average is $72.88 and its 200-day moving average is $65.97. The company has a market capitalization of $43.51 billion, a PE ratio of 45.24, a P/E/G ratio of 3.10 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post 2.76 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

About Nasdaq

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.