Mutual of America Capital Management LLC Acquires 2,974 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mutual of America Capital Management LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,959 shares of the financial services provider’s stock after acquiring an additional 2,974 shares during the period. Mutual of America Capital Management LLC’s holdings in Nasdaq were worth $3,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC increased its holdings in Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. Farallon Capital Management LLC grew its holdings in Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares in the last quarter. National Bank of Canada FI raised its position in Nasdaq by 435.6% in the 2nd quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after buying an additional 524,874 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in Nasdaq by 34.4% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock valued at $113,723,000 after acquiring an additional 483,361 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Up 1.1 %

NDAQ opened at $80.97 on Friday. The company has a 50 day moving average of $74.94 and a 200 day moving average of $67.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12 month low of $53.62 and a 12 month high of $81.13. The company has a market cap of $46.54 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDAQ shares. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group increased their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Argus boosted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer increased their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

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.