Edgestream Partners L.P. Sells 9,276 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Edgestream Partners L.P. reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 45.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,955 shares of the financial services provider's stock after selling 9,276 shares during the period. Edgestream Partners L.P.'s holdings in Nasdaq were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NDAQ. Mizuho Securities USA LLC boosted its holdings in Nasdaq by 13,532.3% during the third 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider's stock valued at $121,879,000 after purchasing an additional 815,946 shares during the last quarter. National Bank of Canada FI boosted its position in Nasdaq by 435.6% in the second quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider's stock valued at $38,386,000 after buying an additional 524,874 shares in the last quarter. Shapiro Capital Management LLC boosted its position in Nasdaq by 34.4% in the second quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider's stock valued at $113,723,000 after buying an additional 483,361 shares in the last quarter. Finally, Seven Grand Managers LLC grew its stake in Nasdaq by 1,900.0% during the third quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider's stock worth $36,505,000 after buying an additional 475,000 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction on 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 directly owns 142,830 shares of the company's stock, valued at $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 at this link. Also, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction 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. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 in the last three months. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.5 %

Shares of Nasdaq stock traded up $0.44 during midday trading on Thursday, reaching $81.27. The company had a trading volume of 2,235,891 shares, compared to its average volume of 2,856,039. The firm has a market cap of $46.71 billion, a PE ratio of 48.40, a P/E/G ratio of 3.15 and a beta of 0.97. The stock has a fifty day moving average price of $76.48 and a 200 day moving average price of $69.27. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week 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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.17 billion. During the same period last year, the business posted $0.71 EPS. The business's revenue was up 21.9% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis 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 currently 57.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NDAQ shares. Bank of America decreased their price target on Nasdaq from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of Nasdaq in a research report on Tuesday, November 19th. Oppenheimer raised their price objective on shares of 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 upped their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.87.

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.