Wilmington Savings Fund Society FSB Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Wilmington Savings Fund Society FSB purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, Holdings Channel.com reports. The fund purchased 17,344 shares of the financial services provider’s stock, valued at approximately $1,266,000.

Several other hedge funds have also recently modified their holdings of NDAQ. Y.D. More Investments Ltd grew its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at $27,000. Crewe Advisors LLC raised its stake in Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. Finally, Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday, October 14th. Barclays upped their price objective on shares of Nasdaq from $87.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, December 9th. TD Cowen reduced their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.53.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $80.12 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $54.54 and a 12-month high of $83.77. The business’s 50 day moving average is $77.59 and its two-hundred day moving average is $70.19. The company has a market capitalization of $46.05 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97.

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

Nasdaq Announces Dividend

The business 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 dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Buying and Selling

In other news, 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 transaction of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 in the last 90 days. 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.