Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Seven Grand Managers LLC

Seven Grand Managers LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,900.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,000 shares of the financial services provider’s stock after buying an additional 475,000 shares during the period. Nasdaq comprises about 8.3% of Seven Grand Managers LLC’s holdings, making the stock its largest position. Seven Grand Managers LLC owned about 0.09% of Nasdaq worth $36,505,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Pacific Financial increased its position in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares in the last quarter. Smithfield Trust Co raised its stake in Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 173 shares during the last quarter. Greenleaf Trust raised its stake in Nasdaq by 1.6% in the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 183 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Nasdaq by 5.4% in the 2nd 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Nasdaq by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 200 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

NDAQ opened at $73.76 on Thursday. Nasdaq, Inc. has a 52-week low of $47.56 and a 52-week high of $74.88. The company has a 50 day moving average of $71.76 and a two-hundred day moving average of $65.09. The company has a market cap of $42.43 billion, a P/E ratio of 38.82, a P/E/G ratio of 2.99 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NDAQ. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research note on Tuesday, October 8th. Oppenheimer increased their price target on Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays lifted their price objective on Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Piper Sandler increased their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen initiated coverage on Nasdaq in a research note on Thursday, September 26th. They issued a “hold” rating and a $83.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $77.31.

Insider Activity

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.