111 Capital Cuts Position in Nasdaq, Inc. $NDAQ

111 Capital decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 75.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,739 shares of the financial services provider’s stock after selling 8,350 shares during the period. 111 Capital’s holdings in Nasdaq were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Elo Mutual Pension Insurance Co grew its position in Nasdaq by 36.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 58,748 shares of the financial services provider’s stock valued at $5,196,000 after acquiring an additional 15,782 shares during the last quarter. APG Asset Management N.V. grew its holdings in Nasdaq by 10.6% in the 3rd quarter. APG Asset Management N.V. now owns 257,400 shares of the financial services provider’s stock worth $22,767,000 after acquiring an additional 24,700 shares during the last quarter. Aviso Financial Inc. increased its position in shares of Nasdaq by 7.7% in the third quarter. Aviso Financial Inc. now owns 10,605 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 759 shares during the period. Rafferty Asset Management LLC increased its position in shares of Nasdaq by 9.8% in the third quarter. Rafferty Asset Management LLC now owns 150,867 shares of the financial services provider’s stock valued at $13,344,000 after acquiring an additional 13,426 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Nasdaq by 2.5% during the third quarter. American Century Companies Inc. now owns 2,552,783 shares of the financial services provider’s stock worth $225,794,000 after purchasing an additional 61,230 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. The trade was a 13.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 604,500 shares of company stock worth $58,440,045. 0.70% of the stock is owned by insiders.

Nasdaq Trading Up 2.0%

Shares of NASDAQ NDAQ opened at $89.13 on Thursday. The firm’s 50 day moving average price is $92.20 and its 200-day moving average price is $91.09. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $50.67 billion, a PE ratio of 28.84, a P/E/G ratio of 1.43 and a beta of 1.03.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NDAQ shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research note on Friday, January 30th. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the company an “overweight” rating in a research report on Friday, January 30th. Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $103.80.

Nasdaq Company Profile

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.