Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Lifted by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 38.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,535 shares of the financial services provider's stock after acquiring an additional 16,868 shares during the period. Tidal Investments LLC's holdings in Nasdaq were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd grew its position in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Nasdaq during the second quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq in the third quarter worth $27,000. Crewe Advisors LLC lifted its position in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter valued at $33,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NDAQ has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Bank of America decreased their target price on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. William Blair started coverage on Nasdaq in a report on Monday, November 25th. They set an "outperform" rating for the company. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, Argus upped their price target on Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.53.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business'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 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. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 0.9 %

Shares of NDAQ traded down $0.75 during trading on Friday, reaching $80.12. The company's stock had a trading volume of 1,890,678 shares, compared to its average volume of 2,849,274. Nasdaq, Inc. has a twelve month low of $54.54 and a twelve month high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97. The company has a fifty day moving average of $77.59 and a two-hundred day moving average of $70.12.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm's revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq's dividend payout ratio (DPR) is 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.