UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 313,079 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,223,433 shares of the financial services provider's stock after buying an additional 313,079 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.56% of Nasdaq worth $235,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider's stock worth $32,624,000 after purchasing an additional 57,900 shares during the period. Swedbank AB acquired a new stake in shares of Nasdaq in the 1st quarter worth about $2,595,000. Diversified Trust Co boosted its stake in Nasdaq by 45.2% during the 2nd quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider's stock valued at $1,736,000 after purchasing an additional 8,974 shares during the last quarter. Cetera Investment Advisers increased its holdings in Nasdaq by 52.7% during the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider's stock worth $1,907,000 after purchasing an additional 10,427 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its stake in shares of Nasdaq by 8.9% in the second quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider's stock worth $18,295,000 after purchasing an additional 23,557 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of Nasdaq stock traded down $0.06 during trading hours on Friday, reaching $82.99. The company had a trading volume of 2,741,614 shares, compared to its average volume of 2,859,301. The firm has a market cap of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day simple moving average of $75.85 and a 200 day simple moving average of $68.66.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company's revenue was up 21.9% on a year-over-year basis. On average, analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq's dividend payout ratio (DPR) is currently 57.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. 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 report on Monday, October 14th. Argus boosted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Tuesday, November 19th. Finally, Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.87.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company's stock, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is currently 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.