Hantz Financial Services Inc. Raises Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Hantz Financial Services Inc. grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 6,916.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,964 shares of the financial services provider’s stock after buying an additional 9,822 shares during the quarter. Hantz Financial Services Inc.’s holdings in Nasdaq were worth $727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. raised its position 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 acquiring an additional 94,122 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Nasdaq by 10.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after buying an additional 313,079 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nasdaq by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after buying an additional 82,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after buying an additional 174,778 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Down 0.1 %

NASDAQ NDAQ opened at $82.99 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $76.02 and a 200 day moving average price of $68.87. The stock has a market capitalization of $47.70 billion, a P/E ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business 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. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s payout ratio is currently 57.49%.

Insider Buying and Selling at Nasdaq

In related news, 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 sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq 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 transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the subject of a number of research reports. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen decreased their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Oppenheimer lifted their price target on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Argus increased their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Piper Sandler lifted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $80.87.

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.