Nasdaq, Inc. (NASDAQ:NDAQ) Position Reduced by ING Groep NV

ING Groep NV reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 53.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,867 shares of the financial services provider’s stock after selling 26,208 shares during the quarter. ING Groep NV’s holdings in Nasdaq were worth $1,670,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Pacific Financial boosted its stake in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 142 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 162 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Nasdaq by 5.4% during the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 200 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Up 0.9 %

Nasdaq stock opened at $78.76 on Monday. Nasdaq, Inc. has a 12 month low of $53.36 and a 12 month high of $80.77. 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 stock has a market cap of $45.27 billion, a P/E ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95. The company’s fifty day simple moving average is $74.28 and its 200-day simple moving average is $67.46.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given 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 payout ratio is presently 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value 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 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock worth $2,860,902 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NDAQ. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Piper Sandler boosted their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.87.

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.