Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,017 shares of the financial services provider’s stock after acquiring an additional 185 shares during the period. Nasdaq comprises 0.3% of Crestmont Private Wealth LLC’s holdings, making the stock its 24th largest position. Crestmont Private Wealth LLC’s holdings in Nasdaq were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Wellington Management Group LLP boosted its position in Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. State Street Corp boosted its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC boosted its position in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares in the last quarter. Harris Associates L P boosted its position in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Nasdaq by 13,532.3% during the third 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. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,459 shares of company stock worth $3,811,808. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Barclays decreased their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday. William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.73.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $76.25 on Wednesday. The stock has a market capitalization of $43.83 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The stock’s 50-day moving average price is $79.29 and its 200 day moving average price is $73.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio 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.