Verition Fund Management LLC Has $4.89 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Verition Fund Management LLC increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 181.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,930 shares of the financial services provider’s stock after acquiring an additional 43,184 shares during the period. Verition Fund Management LLC’s holdings in Nasdaq were worth $4,887,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Y.D. More Investments Ltd lifted its position in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq during the 2nd quarter worth $26,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at $27,000. Crewe Advisors LLC increased its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the period. Finally, Claro Advisors LLC bought a new stake in shares of Nasdaq during the third quarter worth $33,000. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NDAQ. Bank of America decreased their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Barclays raised their target price on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, UBS Group raised their price target on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Price Performance

NASDAQ NDAQ opened at $81.65 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $46.93 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 3.23 and a beta of 0.95. The business has a 50 day simple moving average of $76.02 and a 200 day simple moving average of $68.93. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued 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. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. Analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last three months. Company insiders own 0.70% of the company’s stock.

Nasdaq Profile

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.