Blue Trust Inc. Acquires 1,396 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Blue Trust Inc. increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 96.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,846 shares of the financial services provider’s stock after acquiring an additional 1,396 shares during the quarter. Blue Trust Inc.’s holdings in Nasdaq were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd raised its stake in shares of Nasdaq by 94.8% during the 2nd 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 during the period. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the second quarter worth about $26,000. Claro Advisors LLC bought a new stake in Nasdaq in the third quarter worth about $33,000. LRI Investments LLC purchased a new position in Nasdaq in the first quarter valued at about $31,000. Finally, Crewe Advisors LLC grew its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $74.69 on Friday. The company’s 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $65.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq, Inc. has a 1 year low of $47.56 and a 1 year high of $75.68. The stock has a market capitalization of $43.02 billion, a PE ratio of 42.93, a P/E/G ratio of 3.09 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is presently 55.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NDAQ shares. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler boosted their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen began coverage on Nasdaq in a research note on Thursday, September 26th. They issued a “hold” rating and a $83.00 price objective on the stock. Finally, Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $79.47.

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.