Gladstone Institutional Advisory LLC Grows Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Gladstone Institutional Advisory LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 705.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,877 shares of the financial services provider's stock after purchasing an additional 38,427 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Nasdaq were worth $3,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NDAQ. Wealth Enhancement Advisory Services LLC boosted its holdings in Nasdaq by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,737 shares of the financial services provider's stock valued at $1,498,000 after purchasing an additional 873 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Nasdaq by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,424 shares of the financial services provider's stock valued at $1,163,000 after buying an additional 1,610 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Nasdaq by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 991,504 shares of the financial services provider's stock worth $62,564,000 after buying an additional 8,430 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Nasdaq by 11.4% during the first quarter. State of Alaska Department of Revenue now owns 40,937 shares of the financial services provider's stock worth $2,583,000 after buying an additional 4,175 shares during the period. Finally, Norden Group LLC acquired a new stake in Nasdaq in the first quarter valued at approximately $1,295,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity

In related news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares of the company's stock, valued at $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred 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 approximately $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NDAQ stock traded up $0.40 on Friday, hitting $74.32. The company's stock had a trading volume of 2,969,075 shares, compared to its average volume of 2,697,589. Nasdaq, Inc. has a 1 year low of $48.82 and a 1 year high of $76.71. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 2.90 and a beta of 0.95. The firm has a 50 day moving average of $73.03 and a two-hundred day moving average of $66.13.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business's revenue was up 21.9% compared to the same quarter last year. Equities analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Nasdaq's dividend payout ratio (DPR) is currently 57.49%.

Analyst Ratings Changes

Several research analysts have commented on NDAQ shares. Raymond James upgraded shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price target for the company in a report on Monday, October 14th. Piper Sandler boosted their target price 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. Royal Bank of Canada restated an "outperform" rating and issued a $88.00 price target on shares of Nasdaq in a research note on Friday, October 25th. Barclays lifted their price target on Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Oppenheimer increased their price objective on Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.27.

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.