Nasdaq, Inc. $NDAQ Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 976,487 shares of the financial services provider’s stock after selling 31,881 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Nasdaq were worth $89,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nasdaq during the third quarter worth approximately $10,910,000. Profund Advisors LLC boosted its stake in shares of Nasdaq by 9.9% in the third quarter. Profund Advisors LLC now owns 4,113 shares of the financial services provider’s stock valued at $378,000 after buying an additional 369 shares during the period. Vise Technologies Inc. boosted its stake in shares of Nasdaq by 108.7% in the third quarter. Vise Technologies Inc. now owns 63,194 shares of the financial services provider’s stock valued at $5,815,000 after buying an additional 32,912 shares during the period. Avestar Capital LLC acquired a new stake in Nasdaq during the third quarter worth approximately $261,000. Finally, International Assets Investment Management LLC grew its position in Nasdaq by 406.9% during the third quarter. International Assets Investment Management LLC now owns 35,000 shares of the financial services provider’s stock worth $3,220,000 after buying an additional 28,095 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $108.62 on Tuesday. The company has a 50 day moving average of $95.92 and a 200-day moving average of $90.73. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $108.69. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market cap of $60.28 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.1%. Nasdaq’s dividend payout ratio is presently 33.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Barclays set a $121.00 target price on Nasdaq and gave the company an “overweight” rating in a research report on Friday, October 23rd. Rothschild & Co Redburn reduced their target price on Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Weiss Ratings upgraded Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price target on Nasdaq from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.53.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley Peterson sold 3,987 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $104.75, for a total transaction of $417,638.25. Following the completion of the transaction, the executive vice president owned 114,306 shares of the company’s stock, valued at approximately $11,973,553.50. The trade was a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the sale, the executive vice president owned 96,561 shares of the company’s stock, valued at approximately $9,173,295. This represents a 1.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,877 shares of company stock valued at $2,330,505. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.