Nasdaq, Inc. (NASDAQ:NDAQ) Position Reduced by Halpern Financial Inc.

Halpern Financial Inc. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,420 shares of the financial services provider’s stock after selling 380 shares during the quarter. Nasdaq comprises 0.4% of Halpern Financial Inc.’s portfolio, making the stock its 29th largest holding. Halpern Financial Inc.’s holdings in Nasdaq were worth $1,417,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Smithfield Trust Co raised its holdings in shares of Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 173 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Nasdaq by 1.6% in the first quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after buying an additional 183 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Nasdaq by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer upped their target price on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada initiated coverage on shares of Nasdaq in a research report on Friday, September 27th. They issued an “outperform” rating and a $88.00 target price on the stock. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TD Cowen started coverage on Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $74.40.

Nasdaq Stock Down 1.1 %

Shares of NDAQ traded down $0.80 during midday trading on Friday, reaching $72.12. 2,519,293 shares of the stock were exchanged, compared to its average volume of 2,913,291. The company has a market cap of $41.48 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 3.04 and a beta of 0.95. The firm has a 50 day simple moving average of $70.92 and a 200-day simple moving average of $64.50. Nasdaq, Inc. has a 12-month low of $47.56 and a 12-month high of $74.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Research analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

Insiders Place Their Bets

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.