Friedenthal Financial Takes $805,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Friedenthal Financial acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,027 shares of the financial services provider’s stock, valued at approximately $805,000.

Several other hedge funds have also recently modified their holdings of NDAQ. Blue Trust Inc. grew its stake in Nasdaq by 96.3% during the 3rd quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 1,396 shares in the last quarter. Claro Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter valued at $33,000. V Square Quantitative Management LLC increased its stake in shares of Nasdaq by 15.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 12,363 shares of the financial services provider’s stock worth $903,000 after acquiring an additional 1,649 shares during the last quarter. Sax Wealth Advisors LLC purchased a new position in shares of Nasdaq during the 3rd quarter worth $2,276,000. Finally, Seven Grand Managers LLC boosted its position in shares of Nasdaq by 1,900.0% during the 3rd quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider’s stock valued at $36,505,000 after acquiring an additional 475,000 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NDAQ. UBS Group raised their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating 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 company a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley upped their price objective on shares of Nasdaq from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, 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, October 14th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.06.

Nasdaq Stock Up 1.0 %

NDAQ stock opened at $74.91 on Friday. Nasdaq, Inc. has a one year low of $47.56 and a one year high of $74.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $72.02 and a 200-day moving average of $65.24. The stock has a market capitalization of $43.09 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results 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 company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Activity

In other 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 transaction 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 approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.