Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 48.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 644,178 shares of the financial services provider’s stock after selling 605,095 shares during the quarter. Bank of Montreal Can’s holdings in Nasdaq were worth $46,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the 2nd quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Crewe Advisors LLC raised its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. Finally, Claro Advisors LLC acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. Argus increased their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Bank of America lowered their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $83.05 on Thursday. The stock has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $68.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $47.73 billion, a P/E ratio of 49.73, a PEG ratio of 3.17 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $83.50.

Nasdaq (NASDAQ:NDAQ) 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. Research analysts forecast 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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

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.