Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,736 shares of the financial services provider’s stock after buying an additional 13,010 shares during the period. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $8,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in NDAQ. Vanguard Group Inc. raised its stake in Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC lifted its position in shares of Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after purchasing an additional 94,122 shares during the last quarter. Bessemer Group Inc. raised its holdings in Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after acquiring an additional 602,040 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Nasdaq by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock worth $147,272,000 after buying an additional 82,606 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley raised their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group lifted their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. TD Cowen assumed coverage on shares of Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research report on Friday. Finally, Piper Sandler increased their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Down 0.7 %

Shares of NASDAQ:NDAQ traded down $0.55 during midday trading on Friday, reaching $74.69. The company had a trading volume of 2,230,617 shares, compared to its average volume of 2,896,922. The stock has a market cap of $43.02 billion, a PE ratio of 42.93, a P/E/G ratio of 3.09 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, Inc. has a 1-year low of $47.56 and a 1-year high of $75.68. The business’s 50 day moving average price is $72.56 and its 200 day moving average price is $65.68.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.15 billion for 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 company’s revenue was up 21.9% on a year-over-year basis. Research analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is 55.17%.

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.