Wilmington Savings Fund Society FSB Purchases Shares of 17,344 Nasdaq, Inc. (NASDAQ:NDAQ)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,344 shares of the financial services provider’s stock, valued at approximately $1,266,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NDAQ. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the last quarter. First Pacific Financial boosted its position in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems increased its position in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 154 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NDAQ. Bank of America dropped 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. 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, November 19th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Oppenheimer boosted their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price target on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.53.

Insider Activity

In related news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. 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. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Down 0.9 %

Shares of NASDAQ NDAQ opened at $80.12 on Friday. The stock has a 50 day moving average price of $77.59 and a 200 day moving average price of $70.19. The firm has a market capitalization of $46.05 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 3.17 and a beta of 0.97. Nasdaq, Inc. has a 52-week low of $54.54 and a 52-week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

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.