Prime Capital Investment Advisors LLC Has $2.07 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Prime Capital Investment Advisors LLC cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,368 shares of the financial services provider’s stock after selling 1,947 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Nasdaq were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd lifted its position 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 valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $27,000. Crewe Advisors LLC raised its position in shares of 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 acquiring an additional 314 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq in the 1st quarter valued at approximately $31,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing 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 firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,384 shares of company stock valued at $2,860,902. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NDAQ. UBS Group increased their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Oppenheimer increased their price target on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Price Performance

Shares of NDAQ opened at $79.87 on Thursday. The stock has a market capitalization of $45.91 billion, a P/E ratio of 47.83, a P/E/G ratio of 3.10 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $52.32 and a twelve month high of $80.41. The company has a 50 day moving average of $74.06 and a 200-day moving average of $67.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

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. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Nasdaq Company 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.