First National Bank of Omaha Purchases Shares of 54,402 Nasdaq, Inc. (NASDAQ:NDAQ)

First National Bank of Omaha acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,402 shares of the financial services provider's stock, valued at approximately $3,972,000.

Several other hedge funds also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake in shares of Nasdaq by 52.7% during the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider's stock valued at $1,907,000 after buying an additional 10,427 shares during the period. Cetera Advisors LLC grew its position in shares of Nasdaq by 43.7% in the first quarter. Cetera Advisors LLC now owns 6,228 shares of the financial services provider's stock valued at $393,000 after purchasing an additional 1,894 shares during the period. CWM LLC increased its stake in Nasdaq by 18.9% in the second quarter. CWM LLC now owns 13,159 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 2,091 shares during the last quarter. Simplicity Wealth LLC lifted its position in Nasdaq by 76.2% during the second quarter. Simplicity Wealth LLC now owns 7,943 shares of the financial services provider's stock worth $479,000 after buying an additional 3,434 shares during the period. Finally, Czech National Bank boosted its stake in Nasdaq by 8.4% in the 2nd quarter. Czech National Bank now owns 72,510 shares of the financial services provider's stock worth $4,369,000 after buying an additional 5,641 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. Bank of America cut their price objective on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Nasdaq from $78.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Oppenheimer boosted their price target on Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Piper Sandler boosted their target price on Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.87.

Nasdaq Stock Down 0.2 %

NDAQ stock traded down $0.13 during mid-day trading on Friday, hitting $81.14. 4,918,018 shares of the company were exchanged, compared to its average volume of 2,347,206. The firm has a fifty day simple moving average of $76.82 and a 200 day simple moving average of $69.58. The company has a market capitalization of $46.64 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the company earned $0.71 earnings per share. Nasdaq's quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is presently 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company'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 completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeremy Skule sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last quarter. 0.70% of the stock is owned by company insiders.

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.