3,410 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,410 shares of the financial services provider’s stock, valued at approximately $249,000.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares in the last quarter. Janus Henderson Group PLC boosted its position in Nasdaq by 108.5% in the first quarter. Janus Henderson Group PLC now owns 124,697 shares of the financial services provider’s stock valued at $7,863,000 after buying an additional 64,886 shares in the last quarter. Comerica Bank boosted its position in Nasdaq by 0.5% in the first quarter. Comerica Bank now owns 72,526 shares of the financial services provider’s stock valued at $4,576,000 after buying an additional 350 shares in the last quarter. Swedbank AB acquired a new stake in Nasdaq in the first quarter valued at approximately $2,595,000. Finally, Atria Investments Inc lifted its holdings in shares of Nasdaq by 19.0% during the first quarter. Atria Investments Inc now owns 28,732 shares of the financial services provider’s stock worth $1,813,000 after purchasing an additional 4,581 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the business’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 approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last three months. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Down 0.1 %

Nasdaq stock opened at $82.99 on Friday. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $83.77. The stock has a market cap of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. The firm’s 50-day simple moving average is $75.85 and its 200 day simple moving average is $68.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDAQ. 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. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a report on Tuesday, November 19th. Barclays lifted their price target on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.87.

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.