Erste Asset Management GmbH Invests $557,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Erste Asset Management GmbH bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,675 shares of the financial services provider's stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. raised its stake in shares of Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider's stock valued at $287,270,000 after purchasing an additional 94,122 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Nasdaq by 10.8% in 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 valued at $235,343,000 after purchasing an additional 313,079 shares during the period. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 82,606 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 174,778 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Oppenheimer lifted their price target on Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Piper Sandler lifted their target price on Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. TD Cowen lowered their target price on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. William Blair began coverage on Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating on the stock. Finally, The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.87.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.44 during trading on Thursday, hitting $81.27. The company had a trading volume of 2,236,365 shares, compared to its average volume of 2,856,039. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $46.71 billion, a P/E ratio of 48.40, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. The stock's 50-day moving average price is $76.48 and its 200 day moving average price is $69.27. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. Equities analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company 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 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 1.18%. Nasdaq's dividend payout ratio is currently 57.49%.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction on 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 $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 over the last three months. Corporate insiders own 0.70% of the company's stock.

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.