Barclays PLC Purchases 500,418 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Barclays PLC lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 48.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,524,795 shares of the financial services provider's stock after acquiring an additional 500,418 shares during the period. Barclays PLC owned about 0.27% of Nasdaq worth $111,325,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NDAQ. Y.D. More Investments Ltd grew its position in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in Nasdaq during the second quarter valued at approximately $26,000. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the third quarter valued at approximately $27,000. Crewe Advisors LLC grew its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. Finally, Claro Advisors LLC bought a new stake in Nasdaq in the third quarter worth approximately $33,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value 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. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NDAQ. Morgan Stanley boosted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. William Blair started coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Raymond James upgraded shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 target price for the company in a research note on Monday, October 14th. Finally, TD Cowen cut their target price on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.53.

Nasdaq Price Performance

Shares of Nasdaq stock traded up $0.88 during mid-day trading on Wednesday, reaching $81.31. 2,806,778 shares of the stock were exchanged, compared to its average volume of 2,859,073. The company has a market cap of $46.73 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. 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 $77.27 and a 200 day simple moving average of $69.92. Nasdaq, Inc. has a fifty-two week low of $53.87 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. On average, sell-side analysts predict 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. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's payout ratio is presently 57.49%.

About Nasdaq

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.