nVerses Capital LLC Sells 3,700 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

nVerses Capital LLC lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 69.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,600 shares of the financial services provider’s stock after selling 3,700 shares during the quarter. nVerses Capital LLC’s holdings in Nasdaq were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NDAQ. Y.D. More Investments Ltd lifted its position in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Nasdaq in the second quarter worth approximately $26,000. Salem Investment Counselors Inc. grew its stake in Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Crewe Advisors LLC boosted its position in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Nasdaq during the 1st quarter valued at $31,000. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 1.0 %

NDAQ stock opened at $74.91 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $43.09 billion, a PE ratio of 39.43, a P/E/G ratio of 2.99 and a beta of 0.95. The company’s 50 day simple moving average is $72.02 and its 200-day simple moving average is $65.27. Nasdaq, Inc. has a 12 month low of $47.56 and a 12 month high of $74.93.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NDAQ shares. Deutsche Bank Aktiengesellschaft increased their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. TD Cowen initiated coverage on Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 target price on the stock. The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $79.07.

About Nasdaq

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.