Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,187 shares of the financial services provider’s stock after purchasing an additional 2,640 shares during the period. First Trust Direct Indexing L.P.’s holdings in Nasdaq were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NDAQ. Y.D. More Investments Ltd increased its stake in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter worth approximately $26,000. Crewe Advisors LLC raised its stake in Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. LRI Investments LLC purchased a new position in Nasdaq in the 1st quarter valued at $31,000. Finally, Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock opened at $74.32 on Friday. The company’s 50 day simple moving average is $73.03 and its 200-day simple moving average is $66.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95. Nasdaq, Inc. has a 1 year low of $48.82 and a 1 year high of $76.71. The company has a market capitalization of $42.72 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Friday, October 25th. Oppenheimer boosted their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Barclays boosted their price objective on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.27.

Nasdaq 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.