Nasdaq, Inc. (NASDAQ:NDAQ) Stock Holdings Trimmed by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.3% during the third quarter, Holdings Channel.com reports. The fund owned 4,703,884 shares of the financial services provider’s stock after selling 63,291 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Nasdaq were worth $343,431,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Private Advisor Group LLC grew its holdings in shares of Nasdaq by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 8,020 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 848 shares during the last quarter. Empowered Funds LLC increased its stake in Nasdaq by 35.8% in the 1st quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 1,609 shares in the last quarter. NorthRock Partners LLC lifted its stake in Nasdaq by 7.6% during the first quarter. NorthRock Partners LLC now owns 3,890 shares of the financial services provider’s stock valued at $245,000 after buying an additional 276 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Nasdaq in the first quarter worth about $488,000. Finally, Russell Investments Group Ltd. increased its position in shares of Nasdaq by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 591,993 shares of the financial services provider’s stock worth $37,350,000 after acquiring an additional 294,997 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NDAQ shares. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday. Argus lifted their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Insider Buying and Selling at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’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 owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $8,928,073.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated 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 transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,384 shares of company stock worth $2,860,902. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $78.69 on Monday. The business has a fifty day moving average of $73.62 and a 200-day moving average of $66.78. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a twelve month low of $51.30 and a twelve month high of $79.73. The firm has a market cap of $45.23 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $0.71 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company 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. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio 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.