Insight Wealth Partners LLC Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Insight Wealth Partners LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,999 shares of the financial services provider’s stock after buying an additional 194 shares during the quarter. Insight Wealth Partners LLC’s holdings in Nasdaq were worth $511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mizuho Securities USA LLC lifted its holdings in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. Farallon Capital Management LLC lifted its stake in shares of Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Nasdaq by 67.6% in the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares during the period. National Bank of Canada FI grew its stake in shares of Nasdaq by 435.6% in the second quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after buying an additional 524,874 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its holdings in shares of Nasdaq by 34.4% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock valued at $113,723,000 after buying an additional 483,361 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 1.4 %

Nasdaq stock opened at $82.65 on Wednesday. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $83.04. The firm’s 50-day moving average is $75.27 and its 200-day moving average is $68.30. 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 company has a market cap of $47.50 billion, a P/E ratio of 49.49, a PEG ratio of 3.17 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current 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 given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio is currently 57.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NDAQ. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Piper Sandler lifted their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research report on Tuesday, November 19th. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

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.