Virginia Retirement Systems ET AL bought a new stake in Nasdaq Inc (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,300 shares of the financial services provider’s stock, valued at approximately $489,000.

Other hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after buying an additional 203 shares during the last quarter. Conning Inc. purchased a new stake in Nasdaq during the third quarter worth about $200,000. Beaton Management Co. Inc. purchased a new stake in Nasdaq during the third quarter worth about $202,000. Finally, MML Investors Services LLC purchased a new stake in Nasdaq during the second quarter worth about $201,000. Institutional investors own 76.06% of the company’s stock.

Nasdaq Inc (NASDAQ:NDAQ) opened at $79.22 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13,210.00, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. Nasdaq Inc has a 1 year low of $65.98 and a 1 year high of $80.14.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. sell-side analysts expect that Nasdaq Inc will post 4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.92%. Nasdaq’s dividend payout ratio is presently 100.66%.

NDAQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Royal Bank of Canada restated a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. Barclays initiated coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.67.

In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

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About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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