Advisory Services Network LLC Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Advisory Services Network LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,098 shares of the financial services provider’s stock after acquiring an additional 131 shares during the quarter. Advisory Services Network LLC’s holdings in Nasdaq were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. purchased a new stake in Nasdaq during the 3rd quarter worth approximately $58,000. AdvisorNet Financial Inc purchased a new stake in shares of Nasdaq in the 3rd quarter valued at $64,000. Berman Capital Advisors LLC boosted its holdings in shares of Nasdaq by 27.2% in the 3rd quarter. Berman Capital Advisors LLC now owns 439 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 94 shares during the last quarter. MUFG Americas Holdings Corp purchased a new stake in shares of Nasdaq in the 3rd quarter valued at $95,000. Finally, Deseret Mutual Benefit Administrators boosted its holdings in shares of Nasdaq by 523.8% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 524 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 440 shares during the last quarter. 71.77% of the stock is currently owned by institutional investors.

Shares of NASDAQ:NDAQ opened at $186.14 on Friday. The firm’s 50 day moving average price is $203.41 and its 200 day moving average price is $196.10. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.83. Nasdaq, Inc. has a fifty-two week low of $134.21 and a fifty-two week high of $214.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.86.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Tuesday, October 19th. The financial services provider reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. The firm had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $833.05 million. Nasdaq had a net margin of 19.56% and a return on equity of 18.83%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 earnings per share. On average, equities analysts anticipate that Nasdaq, Inc. will post 7.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3rd were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s payout ratio is currently 31.49%.

NDAQ has been the topic of several recent research reports. The Goldman Sachs Group downgraded shares of Nasdaq from a “neutral” rating to a “sell” rating and set a $190.00 price objective on the stock. in a report on Tuesday, January 4th. Citigroup upped their price objective on shares of Nasdaq from $193.00 to $203.00 and gave the company a “neutral” rating in a report on Tuesday, October 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a report on Tuesday, September 21st. Bank of America started coverage on shares of Nasdaq in a research note on Thursday, December 16th. They issued a “buy” rating and a $266.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Nasdaq from $242.00 to $237.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $207.31.

In other news, EVP Jeremy Skule sold 865 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $209.10, for a total transaction of $180,871.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ann M. Dennison sold 1,749 shares of the firm’s stock in a transaction that occurred on Friday, October 22nd. The stock was sold at an average price of $200.76, for a total transaction of $351,129.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,344 shares of company stock worth $1,083,404. 0.60% of the stock is owned by corporate insiders.

Nasdaq Company Profile

Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses.

Further Reading: 52-Week Highs and Lows

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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