Vista Investment Partners LLC Has $1.53 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Vista Investment Partners LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,015 shares of the financial services provider’s stock after selling 760 shares during the period. Vista Investment Partners LLC’s holdings in Nasdaq were worth $1,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Seven Grand Managers LLC boosted its position in Nasdaq by 1,900.0% during the third quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider’s stock valued at $36,505,000 after purchasing an additional 475,000 shares during the last quarter. First Pacific Financial lifted its holdings in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 142 shares during the last quarter. Swedbank AB lifted its holdings in shares of Nasdaq by 13.3% during the 3rd quarter. Swedbank AB now owns 46,053 shares of the financial services provider’s stock valued at $3,362,000 after buying an additional 5,415 shares during the last quarter. Fruth Investment Management bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $219,000. Finally, Creative Planning increased its holdings in Nasdaq by 6.8% in the third quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after buying an additional 3,475 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Nasdaq from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday. 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. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, TD Cowen initiated coverage on Nasdaq in a research note on Thursday, September 26th. They issued a “hold” rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.06.

Nasdaq Trading Up 0.5 %

Shares of Nasdaq stock opened at $74.14 on Friday. Nasdaq, Inc. has a 52-week low of $47.56 and a 52-week high of $74.88. The firm has a market capitalization of $42.65 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. 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 company’s fifty day moving average price is $71.89 and its two-hundred day moving average price is $65.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion for 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 firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, September 13th. Nasdaq’s payout ratio is presently 50.53%.

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.