Northwest & Ethical Investments L.P. Buys Shares of 3,300 Nasdaq, Inc. (NASDAQ:NDAQ)

Northwest & Ethical Investments L.P. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,300 shares of the financial services provider’s stock, valued at approximately $241,000.

Other large investors have also recently modified their holdings of the company. Mizuho Securities USA LLC lifted its stake in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the period. Principal Financial Group Inc. grew its position in shares of Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock valued at $121,879,000 after acquiring an additional 815,946 shares during the period. National Bank of Canada FI increased its stake in shares of Nasdaq by 435.6% in the 2nd quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after purchasing an additional 524,874 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in Nasdaq by 34.4% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock worth $113,723,000 after purchasing an additional 483,361 shares during the period. Finally, Seven Grand Managers LLC boosted its position 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 purchasing an additional 475,000 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NDAQ. Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. The Goldman Sachs Group lifted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen reduced their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Stock Down 0.1 %

Shares of NASDAQ NDAQ opened at $82.99 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $83.77. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. The business has a 50-day moving average of $76.02 and a two-hundred day moving average of $68.81.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts forecast that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity

In related news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Company 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.