Peddock Capital Advisors LLC Makes New $207,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Peddock Capital Advisors LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,829 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bayesian Capital Management LP increased its holdings in shares of Nasdaq by 363.7% in the 4th quarter. Bayesian Capital Management LP now owns 52,017 shares of the financial services provider’s stock worth $3,024,000 after buying an additional 40,800 shares during the last quarter. Bain Capital Public Equity LP bought a new position in shares of Nasdaq in the 4th quarter worth $5,249,000. Bain Capital Public Equity Management II LLC bought a new position in shares of Nasdaq in the 4th quarter worth $96,241,000. V Square Quantitative Management LLC increased its holdings in shares of Nasdaq by 21.7% in the 4th quarter. V Square Quantitative Management LLC now owns 8,532 shares of the financial services provider’s stock worth $496,000 after buying an additional 1,524 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Nasdaq by 28.0% during the 4th quarter. Fisher Asset Management LLC now owns 31,969 shares of the financial services provider’s stock valued at $1,859,000 after purchasing an additional 6,989 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on NDAQ. Oppenheimer increased their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Piper Sandler increased their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, TD Cowen began coverage on shares of Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.73.

Nasdaq Trading Up 0.4 %

Shares of NASDAQ:NDAQ traded up $0.30 on Wednesday, hitting $72.49. The company had a trading volume of 269,507 shares, compared to its average volume of 2,907,415. The firm’s 50-day simple moving average is $71.04 and its two-hundred day simple moving average is $64.68. Nasdaq, Inc. has a 1 year low of $47.56 and a 1 year high of $74.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $0.71 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. Nasdaq’s dividend payout ratio is 50.53%.

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.