Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,155 shares of the financial services provider's stock after acquiring an additional 61,491 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Nasdaq worth $35,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider's stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC increased its stake in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock valued at $532,357,000 after purchasing an additional 1,866,219 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Nasdaq by 283.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider's stock worth $72,880,000 after acquiring an additional 853,414 shares during the last quarter. Principal Financial Group Inc. increased its stake in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider's stock worth $121,879,000 after acquiring an additional 815,946 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Nasdaq by 26.5% during the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider's stock worth $181,609,000 after acquiring an additional 602,040 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NDAQ. Bank of America dropped their price target on Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Raymond James upgraded Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price target for the company in a research note on Monday, October 14th. Oppenheimer upped their price target on Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.27.

Nasdaq Stock Up 0.5 %

NASDAQ NDAQ traded up $0.40 during trading hours on Friday, reaching $74.32. 2,969,075 shares of the company traded hands, compared to its average volume of 2,697,589. The stock has a market capitalization of $42.72 billion, a PE ratio of 44.50, a PEG ratio of 2.90 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12 month low of $48.82 and a 12 month high of $76.71. The company has a 50 day moving average of $73.03 and a two-hundred day moving average of $66.17.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, equities analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq's dividend payout ratio is presently 57.49%.

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.