Tidal Investments LLC Has $4.42 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Tidal Investments LLC boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 38.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,535 shares of the financial services provider’s stock after acquiring an additional 16,868 shares during the quarter. Tidal Investments LLC’s holdings in Nasdaq were worth $4,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Y.D. More Investments Ltd raised its position in shares of 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 acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the second quarter valued at about $26,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the third quarter valued at about $27,000. Crewe Advisors LLC lifted its stake in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the period. Finally, Claro Advisors LLC bought a new position in Nasdaq during the third quarter worth about $33,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler upped their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer upped their target price on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group lifted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Argus upped their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.53.

Nasdaq Trading Down 0.9 %

NASDAQ:NDAQ opened at $80.12 on Friday. The company has a market cap of $46.05 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97. Nasdaq, Inc. has a twelve month low of $54.54 and a twelve month high of $83.77. The business has a 50 day moving average price of $77.59 and a two-hundred day moving average price of $70.12. 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 announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping 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 business 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 company posted $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. As a group, analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

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 of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by insiders.

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.