Point72 Europe London LLP bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,500 shares of the financial services provider’s stock, valued at approximately $3,030,000.
A number of other large investors also recently modified their holdings of NDAQ. Diamond Hill Capital Management Inc. lifted its holdings in Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after buying an additional 94,122 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Nasdaq by 10.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after purchasing an additional 313,079 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Nasdaq by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after purchasing an additional 174,778 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq Stock Performance
Shares of NDAQ stock opened at $82.99 on Friday. Nasdaq, Inc. has a 12 month low of $53.62 and a 12 month high of $83.77. The company’s fifty day simple moving average is $75.85 and its 200-day simple moving average is $68.66. The firm has a market cap of $47.70 billion, a PE ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.
Nasdaq Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio is 57.49%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on NDAQ shares. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. William Blair initiated coverage on Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.
Read Our Latest Stock Report on NDAQ
Insiders Place Their Bets
In other news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by insiders.
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.
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