17,344 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,344 shares of the financial services provider's stock, valued at approximately $1,266,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Citizens Financial Group Inc. RI boosted its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 137 shares in the last quarter. First Pacific Financial boosted its position in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock valued at $1,011,000 after purchasing an additional 142 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems boosted its position in Nasdaq by 0.5% during the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider's stock valued at $2,105,000 after purchasing an additional 154 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

NDAQ stock traded down $0.75 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 52 week low of $54.54 and a 52 week high of $83.77. The company has a market capitalization of $46.05 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97. The firm has a fifty day moving average of $77.59 and a two-hundred day moving average of $70.19. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm's quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. As a group, analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq's dividend payout ratio (DPR) is presently 57.49%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NDAQ. The Goldman Sachs Group raised their price target on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday. Argus raised their price target on Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Raymond James raised 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. Finally, UBS Group raised their price target on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.53.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction 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 trade represents a 2.71 % decrease in their ownership of the stock. 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 firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % 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 quarter. Corporate insiders own 0.70% of the company's stock.

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.