Segall Bryant & Hamill LLC Invests $8.51 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Segall Bryant & Hamill LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,593 shares of the financial services provider's stock, valued at approximately $8,512,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Nasdaq during the third quarter valued at approximately $3,806,000. LGT Capital Partners LTD. lifted its position in Nasdaq by 1.5% during the third quarter. LGT Capital Partners LTD. now owns 1,266,090 shares of the financial services provider's stock valued at $92,437,000 after purchasing an additional 18,190 shares during the period. Legacy Bridge LLC bought a new position in Nasdaq during the third quarter valued at approximately $1,288,000. Verity & Verity LLC lifted its position in Nasdaq by 9.9% during the third quarter. Verity & Verity LLC now owns 7,674 shares of the financial services provider's stock valued at $560,000 after purchasing an additional 692 shares during the period. Finally, Caprock Group LLC lifted its position in Nasdaq by 10.2% during the third quarter. Caprock Group LLC now owns 8,003 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 744 shares during the period. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Piper Sandler upped their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, TD Cowen reduced their target price on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a report on Monday, October 28th. One research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $80.87.

Insider Buying and Selling at Nasdaq

In other news, 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 value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm's stock in a transaction dated 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 owns 215,563 shares of the company's stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 over the last 90 days. 0.70% of the stock is owned by insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.19 during midday trading on Friday, reaching $81.07. 1,666,843 shares of the company were exchanged, compared to its average volume of 2,863,011. 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 business's fifty day moving average is $75.11 and its two-hundred day moving average is $68.04. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $81.35. The stock has a market cap of $46.60 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.71 earnings per share. Nasdaq's quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq's dividend payout ratio (DPR) is currently 57.49%.

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.