Brinker Capital Inc. Acquires 1,230 Shares of Nasdaq Inc (NASDAQ:NDAQ)

Brinker Capital Inc. increased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,194 shares of the financial services provider’s stock after buying an additional 1,230 shares during the quarter. Brinker Capital Inc.’s holdings in Nasdaq were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NDAQ. Nuveen Asset Management LLC lifted its position in shares of Nasdaq by 444.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 588,135 shares of the financial services provider’s stock worth $56,561,000 after buying an additional 480,100 shares during the last quarter. Carlson Capital L P bought a new stake in shares of Nasdaq during the 2nd quarter worth $21,523,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nasdaq during the 2nd quarter worth $19,933,000. Vanguard Group Inc. lifted its position in shares of Nasdaq by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,624,390 shares of the financial services provider’s stock worth $1,214,087,000 after buying an additional 190,311 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Nasdaq by 12.5% during the 2nd quarter. California Public Employees Retirement System now owns 861,375 shares of the financial services provider’s stock worth $82,838,000 after buying an additional 95,408 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Shares of NDAQ opened at $100.99 on Friday. Nasdaq Inc has a 12-month low of $75.49 and a 12-month high of $105.26. The business has a 50-day simple moving average of $99.84 and a two-hundred day simple moving average of $96.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market cap of $16.12 billion, a PE ratio of 20.87, a PEG ratio of 2.81 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.06. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The business had revenue of $632.00 million during the quarter, compared to analysts’ expectations of $627.44 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that Nasdaq Inc will post 4.92 EPS for the current year.

Several analysts recently weighed in on NDAQ shares. Oppenheimer started coverage on Nasdaq in a research report on Monday, September 16th. They set an “outperform” rating and a $111.00 price objective for the company. Wells Fargo & Co upped their target price on Nasdaq from $97.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Raymond James upped their target price on Nasdaq from $96.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Citigroup cut Nasdaq from a “neutral” rating to a “sell” rating and upped their target price for the stock from $93.00 to $95.00 in a report on Monday, July 22nd. Finally, BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Nasdaq currently has an average rating of “Hold” and an average target price of $103.40.

In related news, insider Ann M. Dennison sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $96.55, for a total transaction of $530,638.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 1,444 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $101.09, for a total value of $145,973.96. The disclosure for this sale can be found here. In the last three months, insiders sold 11,801 shares of company stock valued at $1,158,532. Insiders own 0.50% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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