Sequoia Financial Advisors LLC Acquires 1,656 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sequoia Financial Advisors LLC boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,862 shares of the financial services provider’s stock after buying an additional 1,656 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Nasdaq were worth $3,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ledyard National Bank purchased a new stake in Nasdaq in the third quarter worth approximately $243,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Nasdaq by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 2,171 shares during the last quarter. Raymond James & Associates increased its position in Nasdaq by 4.3% during the third quarter. Raymond James & Associates now owns 1,328,493 shares of the financial services provider’s stock valued at $96,993,000 after acquiring an additional 55,248 shares during the last quarter. Friedenthal Financial bought a new position in Nasdaq in the third quarter valued at about $805,000. Finally, Blue Trust Inc. lifted its stake in shares of Nasdaq by 96.3% in the 3rd quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,396 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Nasdaq Trading Down 0.5 %

NDAQ stock opened at $73.91 on Thursday. The firm has a market cap of $42.51 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. The firm has a fifty day moving average price of $72.26 and a 200 day moving average price of $65.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. Nasdaq, Inc. has a fifty-two week low of $47.56 and a fifty-two week high of $74.93.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. Nasdaq’s dividend payout ratio is presently 50.53%.

Analyst Ratings Changes

NDAQ has been the subject of a number of research reports. Bank of America reduced their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. TD Cowen started coverage on Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 price objective on the stock. Morgan Stanley increased their target price on shares of Nasdaq from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Oppenheimer increased their price objective on shares of Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.07.

Nasdaq Company 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.