Thoma Bravo L.P. Has $3.13 Billion Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Thoma Bravo L.P. reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 50.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,804,207 shares of the financial services provider’s stock after selling 42,804,207 shares during the period. Nasdaq makes up 39.4% of Thoma Bravo L.P.’s portfolio, making the stock its largest holding. Thoma Bravo L.P. owned approximately 7.45% of Nasdaq worth $3,125,135,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NDAQ. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter valued at $27,000. Y.D. More Investments Ltd raised its holdings in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth approximately $26,000. Claro Advisors LLC bought a new stake in shares of Nasdaq during the 3rd quarter worth approximately $33,000. Finally, Focused Wealth Management Inc purchased a new position in Nasdaq during the 3rd quarter valued at $35,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 0.6 %

NDAQ opened at $81.52 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market cap of $46.85 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 3.16 and a beta of 0.95. Nasdaq, Inc. has a 12 month low of $53.62 and a 12 month high of $82.39. The stock has a fifty day moving average price of $75.27 and a 200-day moving average price of $68.30.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.79 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NDAQ shares. Barclays increased their target price on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. William Blair began coverage on shares of Nasdaq in a research note on Monday. They issued an “outperform” rating on the stock. UBS Group boosted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.87.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. 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.