Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Insight Wealth Partners LLC

Insight Wealth Partners LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,999 shares of the financial services provider’s stock after buying an additional 194 shares during the period. Insight Wealth Partners LLC’s holdings in Nasdaq were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NDAQ. Price T Rowe Associates Inc. MD raised its holdings in shares of Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after acquiring an additional 57,900 shares during the period. Swedbank AB purchased a new stake in Nasdaq in the 1st quarter worth about $2,595,000. Diversified Trust Co boosted its position in Nasdaq by 45.2% during the 2nd quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 8,974 shares during the period. Cetera Investment Advisers grew its stake in Nasdaq by 52.7% during the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after acquiring an additional 10,427 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Nasdaq by 8.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock valued at $18,295,000 after purchasing an additional 23,557 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $82.65 on Wednesday. The business’s 50 day moving average is $75.27 and its 200-day moving average is $68.30. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $47.50 billion, a PE ratio of 49.49, a PEG ratio of 3.17 and a beta of 0.95. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $83.04.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Sell-side analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business’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 owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,459 shares of company stock worth $3,811,808. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research report on Tuesday, November 19th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a report on Monday, October 14th. William Blair initiated coverage on Nasdaq in a research report on Monday. They issued an “outperform” rating for the company. Finally, Barclays increased their price objective on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.87.

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.