Nasdaq, Inc. $NDAQ Shares Acquired by Cwm LLC

Cwm LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 111.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,826 shares of the financial services provider’s stock after purchasing an additional 33,647 shares during the period. Cwm LLC’s holdings in Nasdaq were worth $5,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in Nasdaq by 33.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after purchasing an additional 6,840,735 shares during the last quarter. Norges Bank acquired a new position in shares of Nasdaq during the 2nd quarter worth $406,823,000. Vanguard Group Inc. boosted its position in shares of Nasdaq by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock worth $4,989,636,000 after buying an additional 2,820,339 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Nasdaq by 261.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,690,186 shares of the financial services provider’s stock valued at $240,556,000 after acquiring an additional 1,946,479 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Nasdaq by 4,365.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,641,123 shares of the financial services provider’s stock valued at $146,749,000 after acquiring an additional 1,604,368 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Trading Down 0.7%

Shares of Nasdaq stock opened at $98.18 on Wednesday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $99.59. The business’s fifty day moving average is $90.28 and its two-hundred day moving average is $90.99. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a market cap of $56.06 billion, a PE ratio of 35.06, a P/E/G ratio of 1.77 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio is currently 38.57%.

Analyst Ratings Changes

NDAQ has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Morgan Stanley restated an “overweight” rating and set a $111.00 price objective (up from $110.00) on shares of Nasdaq in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Barclays reissued an “overweight” rating and set a $114.00 price target (up previously from $109.00) on shares of Nasdaq in a research report on Friday, December 12th. Finally, Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.40.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares in the company, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.