Nasdaq, Inc. (NASDAQ:NDAQ) Position Trimmed by Vista Investment Partners LLC

Vista Investment Partners LLC trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,015 shares of the financial services provider’s stock after selling 760 shares during the period. Vista Investment Partners LLC’s holdings in Nasdaq were worth $1,534,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NDAQ. Seven Grand Managers LLC raised its stake in Nasdaq by 1,900.0% during the third quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider’s stock worth $36,505,000 after acquiring an additional 475,000 shares during the period. First Pacific Financial raised its position in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares during the period. Swedbank AB lifted its holdings in shares of Nasdaq by 13.3% in the 3rd quarter. Swedbank AB now owns 46,053 shares of the financial services provider’s stock worth $3,362,000 after purchasing an additional 5,415 shares during the last quarter. Fruth Investment Management acquired a new position in Nasdaq during the 3rd quarter valued at approximately $219,000. Finally, Creative Planning grew its stake in Nasdaq by 6.8% during the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after buying an additional 3,475 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. Barclays raised their target price on Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Oppenheimer boosted their price objective on Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Morgan Stanley lifted their target price on Nasdaq from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.06.

Nasdaq Trading Up 0.5 %

Shares of NASDAQ:NDAQ opened at $74.14 on Friday. The stock has a market capitalization of $42.65 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.99 and a beta of 0.95. Nasdaq, Inc. has a 1-year low of $47.56 and a 1-year high of $74.88. The company has a 50 day moving average price of $71.89 and a 200 day moving average price of $65.15. 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 issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq’s payout ratio is presently 50.53%.

Insiders Place Their Bets

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’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 completion of the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.