DRW Securities LLC Makes New $263,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

DRW Securities LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other large investors have also made changes to their positions in the stock. Independent Advisor Alliance acquired a new position in Nasdaq during the third quarter worth $249,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Nasdaq during the 3rd quarter worth $339,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nasdaq during the 3rd quarter valued at about $1,507,000. Daiwa Securities Group Inc. boosted its position in shares of Nasdaq by 39.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 104,708 shares of the financial services provider’s stock valued at $7,645,000 after acquiring an additional 29,568 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Nasdaq by 13.3% in the third quarter. Swedbank AB now owns 46,053 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 5,415 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. Oppenheimer raised their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, William Blair began coverage on Nasdaq in a research report on Monday. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,642 shares of the company’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 directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Nasdaq Price Performance

Nasdaq stock opened at $83.05 on Thursday. The company’s 50 day moving average is $75.47 and its two-hundred day moving average is $68.46. The firm has a market cap of $47.73 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.50.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $0.71 earnings per share. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. On average, research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

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