Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Verus Financial Partners Inc.

Verus Financial Partners Inc. cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,391 shares of the financial services provider’s stock after selling 207 shares during the period. Verus Financial Partners Inc.’s holdings in Nasdaq were worth $540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NDAQ. Vanguard Group Inc. lifted its holdings in Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC lifted its stake in Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after buying an additional 1,866,219 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Nasdaq by 283.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after buying an additional 853,414 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Nasdaq by 67.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after buying an additional 602,040 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on 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 sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The stock was 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 of the company’s stock, valued at $10,757,955.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,384 shares of company stock worth $2,860,902. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ opened at $78.69 on Friday. The company has a market cap of $45.23 billion, a P/E ratio of 47.12, a PEG ratio of 3.04 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $51.30 and a fifty-two week high of $79.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $73.62 and its 200 day moving average price is $66.71.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $0.71 EPS. Nasdaq’s revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. Nasdaq’s payout ratio is currently 57.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NDAQ shares. Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Bank of America reduced their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley boosted their price target 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, UBS Group increased their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $80.33.

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.