Hantz Financial Services Inc. Has $727,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Hantz Financial Services Inc. raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 6,916.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,964 shares of the financial services provider’s stock after buying an additional 9,822 shares during the period. Hantz Financial Services Inc.’s holdings in Nasdaq were worth $727,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. increased its position in Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after buying an additional 94,122 shares in the last quarter. Mizuho Securities USA LLC increased its stake in Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Nasdaq by 10.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock valued at $235,343,000 after acquiring an additional 313,079 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock worth $147,272,000 after purchasing an additional 82,606 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Nasdaq by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock worth $142,144,000 after purchasing an additional 174,778 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $82.99 on Monday. The company has a market cap of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.77. The company’s 50 day moving average is $76.02 and its 200 day moving average is $68.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Tuesday, November 19th. Oppenheimer boosted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group increased their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Bank of America decreased their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Insider Activity at Nasdaq

In other Nasdaq 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 value 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. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

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.