Harvest Fund Management Co. Ltd Takes $339,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Harvest Fund Management Co. Ltd bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,646 shares of the financial services provider’s stock, valued at approximately $339,000.

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

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction on 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 sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by insiders.

Nasdaq Stock Up 1.4 %

Shares of NASDAQ:NDAQ opened at $82.65 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a 50 day simple moving average of $75.27 and a 200-day simple moving average of $68.30. The company has a market capitalization of $47.50 billion, a PE ratio of 49.49, a P/E/G ratio of 3.16 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.04.

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

Nasdaq Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NDAQ shares. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research note on Monday, October 14th. Oppenheimer boosted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note 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 research note on Tuesday, November 5th. TD Cowen lowered their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Finally, Piper Sandler upped their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.