Nasdaq, Inc. (NASDAQ:NDAQ) Position Trimmed by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,380 shares of the financial services provider’s stock after selling 7,834 shares during the quarter. Cetera Investment Advisers’ holdings in Nasdaq were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NDAQ. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter worth about $291,000. Sunbelt Securities Inc. lifted its position in Nasdaq by 65.3% in the second quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,112 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Nasdaq by 6.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 60,124 shares of the financial services provider’s stock valued at $3,624,000 after purchasing an additional 3,398 shares in the last quarter. Creative Planning boosted its stake in Nasdaq by 0.7% during the second quarter. Creative Planning now owns 51,442 shares of the financial services provider’s stock valued at $3,100,000 after buying an additional 351 shares in the last quarter. Finally, Maverick Capital Ltd. raised its position in Nasdaq by 24.4% in the second quarter. Maverick Capital Ltd. now owns 783,000 shares of the financial services provider’s stock worth $47,184,000 after acquiring an additional 153,807 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Up 0.6 %

Nasdaq stock opened at $73.03 on Wednesday. The firm’s 50 day moving average price is $71.63 and its two-hundred day moving average price is $65.03. The firm has a market cap of $42.01 billion, a PE ratio of 38.44, a P/E/G ratio of 2.99 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $47.56 and a twelve month high of $74.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

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

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Nasdaq’s payout ratio is 50.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Oppenheimer lifted their price target on shares of Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, Piper Sandler upped their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.31.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Company 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.