Legacy Advisors LLC purchased a new position in Nasdaq Inc (NASDAQ:NDAQ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,353 shares of the financial services provider’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Hawaiian Bank bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $101,000. Cornerstone Wealth Management LLC bought a new stake in Nasdaq during the 2nd quarter valued at $122,000. Piedmont Investment Advisors LLC bought a new stake in Nasdaq during the 2nd quarter valued at $125,000. TNB Financial bought a new stake in Nasdaq during the 2nd quarter valued at $201,000. Finally, GWM Advisors LLC bought a new stake in Nasdaq during the 2nd quarter valued at $207,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Bradley J. Peterson sold 1,500 shares of Nasdaq stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Several analysts have weighed in on NDAQ shares. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Citigroup lifted their target price on Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a research note on Wednesday, July 18th. Barclays lifted their target price on Nasdaq from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, July 12th. Finally, Deutsche Bank cut their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a research note on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $96.00.

Shares of NDAQ stock opened at $79.96 on Friday. Nasdaq Inc has a 1 year low of $71.65 and a 1 year high of $96.84. The firm has a market cap of $13.26 billion, a PE ratio of 17.80, a PEG ratio of 1.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $620.25 million. During the same period last year, the firm earned $1.02 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts expect that Nasdaq Inc will post 4.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 43.35%.

Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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