Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Raised by Seven Grand Managers LLC

Seven Grand Managers LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1,900.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the financial services provider’s stock after buying an additional 475,000 shares during the quarter. Nasdaq accounts for about 8.3% of Seven Grand Managers LLC’s investment portfolio, making the stock its largest holding. Seven Grand Managers LLC’s holdings in Nasdaq were worth $36,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NDAQ. Fisher Asset Management LLC grew its stake in Nasdaq by 28.0% in the fourth quarter. Fisher Asset Management LLC now owns 31,969 shares of the financial services provider’s stock worth $1,859,000 after purchasing an additional 6,989 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $259,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $287,000. Nomura Holdings Inc. raised its position in shares of Nasdaq by 51.3% during the 4th quarter. Nomura Holdings Inc. now owns 6,868 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Czech National Bank lifted its stake in Nasdaq by 12.2% during the first quarter. Czech National Bank now owns 66,869 shares of the financial services provider’s stock worth $4,219,000 after purchasing an additional 7,249 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq 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 stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 1.0 %

NASDAQ:NDAQ opened at $73.76 on Thursday. The stock has a market cap of $42.43 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.99 and a beta of 0.95. 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, Inc. has a 1 year low of $47.56 and a 1 year high of $74.88. The business has a fifty day moving average of $71.76 and a 200-day moving average of $65.09.

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

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Analyst Ratings Changes

NDAQ has been the subject of several recent research reports. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday. Oppenheimer boosted their price objective on shares of Nasdaq from $80.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler increased their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays increased their price target on Nasdaq from $77.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.31.

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.