Nasdaq, Inc. $NDAQ Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 167,862 shares of the financial services provider’s stock after acquiring an additional 8,719 shares during the period. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $14,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NDAQ. Mn Services Vermogensbeheer B.V. boosted its holdings in Nasdaq by 1.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 163,200 shares of the financial services provider’s stock valued at $14,435,000 after acquiring an additional 1,900 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of Nasdaq by 13.6% during the third quarter. UniSuper Management Pty Ltd now owns 43,207 shares of the financial services provider’s stock worth $3,822,000 after purchasing an additional 5,158 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Nasdaq by 108.7% in the third quarter. Teacher Retirement System of Texas now owns 471,492 shares of the financial services provider’s stock valued at $41,703,000 after purchasing an additional 245,581 shares during the period. Northstar Asset Management Inc. acquired a new position in shares of Nasdaq in the third quarter valued at approximately $4,576,000. Finally, Parkside Financial Bank & Trust increased its stake in Nasdaq by 117.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,241 shares of the financial services provider’s stock worth $287,000 after buying an additional 1,751 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $113.00 price target (up previously from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th. Barclays set a $115.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 target price (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $103.67.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $96.39, for a total value of $28,917,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. The trade was a 13.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 306,605 shares of company stock worth $29,546,812 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $98.05 on Friday. The company has a market capitalization of $55.99 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $94.56 and a 200 day moving average price of $92.31.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.