Nasdaq, Inc. $NDAQ Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 108.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,194 shares of the financial services provider’s stock after buying an additional 32,912 shares during the period. Vise Technologies Inc.’s holdings in Nasdaq were worth $5,815,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. CWA Asset Management Group LLC lifted its holdings in shares of Nasdaq by 2.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 108 shares during the period. SBI Securities Co. Ltd. grew its holdings in Nasdaq by 2.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,633 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 118 shares during the last quarter. Quantum Portfolio Management LLC grew its stake in shares of Nasdaq by 1.8% during the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 123 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after buying an additional 137 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its position in Nasdaq by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 145 shares during the period. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NDAQ. Rothschild & Co Redburn dropped their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Morgan Stanley raised their price objective on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Piper Sandler restated an “overweight” rating and issued a $108.00 target price (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. Wells Fargo & Company increased their price objective on shares of Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Finally, Erste Group Bank assumed coverage on Nasdaq in a report on Friday. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.53.

Nasdaq Trading Up 2.2%

Shares of NASDAQ:NDAQ opened at $108.62 on Tuesday. The company has a market capitalization of $60.28 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.85 and a beta of 0.99. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $108.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $95.92 and its 200 day simple moving average is $90.73.

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

Nasdaq Announces Dividend

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

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley Peterson sold 4,000 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $103.38, for a total transaction of $413,520.00. Following the completion of the transaction, the executive vice president directly owned 118,293 shares in the company, valued at approximately $12,229,130.34. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tal Cohen sold 10,390 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $103.34, for a total value of $1,073,702.60. Following the completion of the transaction, the insider owned 205,076 shares of the company’s stock, valued at $21,192,553.84. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,877 shares of company stock worth $2,330,505 over the last 90 days. Insiders own 0.60% of the company’s stock.

Nasdaq 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.