Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,315 shares of the financial services provider's stock after buying an additional 9,541 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Nasdaq were worth $14,114,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth about $27,000. Y.D. More Investments Ltd raised its holdings in shares of 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 acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the second quarter valued at approximately $26,000. Claro Advisors LLC purchased a new position in shares of Nasdaq in the third quarter valued at approximately $33,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of Nasdaq in the third quarter worth approximately $35,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Trading Down 0.5 %

Nasdaq stock traded down $0.44 during mid-day trading on Thursday, hitting $80.87. The company's stock had a trading volume of 1,465,383 shares, compared to its average volume of 2,853,268. The stock's fifty day moving average is $77.27 and its two-hundred day moving average is $69.92. 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 market capitalization of $46.48 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. Nasdaq, Inc. has a 1 year low of $54.03 and a 1 year high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 return on equity of 14.56% and a net margin of 13.67%. The company's revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. On average, analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on NDAQ. Oppenheimer increased their price objective 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 raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $88.00 price objective on shares of Nasdaq in a report on Tuesday, November 19th. Finally, Raymond James raised shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 target price on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.53.

Nasdaq 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.