Braun Stacey Associates Inc. Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Braun Stacey Associates Inc. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,021 shares of the financial services provider’s stock after purchasing an additional 11,340 shares during the quarter. Nasdaq makes up approximately 1.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 26th largest holding. Braun Stacey Associates Inc. owned 0.07% of Nasdaq worth $28,402,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NDAQ. Price T Rowe Associates Inc. MD lifted its holdings in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after buying an additional 57,900 shares in the last quarter. Swedbank AB bought a new position in shares of Nasdaq in the first quarter worth approximately $2,595,000. Blair William & Co. IL grew its holdings in shares of Nasdaq by 55.8% in the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 9,894 shares during the last quarter. Diversified Trust Co lifted its stake in Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 8,974 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after acquiring an additional 10,427 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,384 shares of company stock worth $2,860,902 in the last quarter. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDAQ. The Goldman Sachs Group raised their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Barclays lifted their price target on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, TD Cowen lowered their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $78.76 on Monday. The company has a market cap of $45.27 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The stock’s 50 day simple moving average is $74.28 and its 200-day simple moving average is $67.46. Nasdaq, Inc. has a 1-year low of $53.36 and a 1-year high of $80.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

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.