Independent Advisor Alliance Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Independent Advisor Alliance bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, Holdings Channel reports. The fund bought 3,410 shares of the financial services provider’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the 3rd quarter worth approximately $27,000. Y.D. More Investments Ltd increased its holdings in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Nasdaq in the 2nd quarter worth $26,000. Claro Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth $33,000. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the 3rd quarter worth $35,000. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $82.99 on Friday. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day moving average is $75.85 and its 200 day moving average is $68.66. The stock has a market capitalization of $47.70 billion, a P/E ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. 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 currently 57.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDAQ. Argus increased their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. UBS Group increased their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Morgan Stanley raised their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Barclays boosted their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

About Nasdaq

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.