7,675 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,675 shares of the financial services provider’s stock, valued at approximately $557,000.

Several other institutional investors also recently modified their holdings of NDAQ. Cetera Investment Advisers increased its stake in shares of Nasdaq by 52.7% in the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after acquiring an additional 10,427 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Nasdaq by 43.7% in the 1st quarter. Cetera Advisors LLC now owns 6,228 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 1,894 shares in the last quarter. Mather Group LLC. increased its stake in shares of Nasdaq by 10.7% in the 2nd quarter. Mather Group LLC. now owns 4,123 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 398 shares in the last quarter. CWM LLC increased its stake in shares of Nasdaq by 18.9% in the 2nd quarter. CWM LLC now owns 13,159 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in Nasdaq by 76.2% during the 2nd quarter. Simplicity Wealth LLC now owns 7,943 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 3,434 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on NDAQ. Argus raised their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Bank of America reduced their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Piper Sandler raised their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Oppenheimer raised their price objective 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. 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, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Down 0.2 %

NASDAQ:NDAQ opened at $80.83 on Thursday. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $83.77. The company has a 50-day moving average of $76.32 and a 200 day moving average of $69.19. The firm has a market cap of $46.46 billion, a PE ratio of 48.40, a price-to-earnings-growth ratio of 3.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, research analysts anticipate that Nasdaq, Inc. will post 2.79 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last three months. 0.70% of the stock is owned by company insiders.

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.