Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Decreased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,208 shares of the financial services provider’s stock after selling 4,686 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Nasdaq were worth $2,862,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its stake in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new stake in Nasdaq in the third quarter worth $27,000. Crewe Advisors LLC increased its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after buying an additional 314 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Nasdaq during the first quarter valued at about $31,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock worth $2,860,902 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.5 %

NASDAQ NDAQ opened at $80.16 on Wednesday. Nasdaq, Inc. has a twelve month low of $53.36 and a twelve month high of $80.77. The stock has a market cap of $46.07 billion, a PE ratio of 48.00, a PEG ratio of 3.07 and a beta of 0.95. The firm has a 50-day simple moving average of $74.62 and a 200 day simple moving average of $67.73. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Analyst Ratings Changes

Several research firms have recently issued reports on NDAQ. The Goldman Sachs Group upped their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. TD Cowen dropped their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Barclays boosted their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.