Mount Yale Investment Advisors LLC Trims Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Mount Yale Investment Advisors LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,369 shares of the financial services provider’s stock after selling 1,235 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Nasdaq were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in Nasdaq in the 4th quarter worth approximately $287,000. Wealth Enhancement Advisory Services LLC lifted its position in Nasdaq by 3.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,737 shares of the financial services provider’s stock valued at $1,498,000 after purchasing an additional 873 shares in the last quarter. Diversified Trust Co raised its stake in shares of Nasdaq by 18.0% in the first quarter. Diversified Trust Co now owns 19,839 shares of the financial services provider’s stock worth $1,252,000 after buying an additional 3,030 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Nasdaq by 196.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,010,992 shares of the financial services provider’s stock valued at $63,793,000 after acquiring an additional 670,024 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Nasdaq by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,424 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 1,610 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NDAQ. Barclays lifted their target price on shares of Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, October 14th. Piper Sandler increased their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer lifted their price target on shares of Nasdaq from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.07.

Nasdaq Price Performance

Nasdaq stock opened at $75.24 on Friday. The stock has a market cap of $43.33 billion, a price-to-earnings ratio of 43.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.95. The firm has a 50-day moving average of $72.46 and a two-hundred day moving average of $65.60. Nasdaq, Inc. has a 1 year low of $47.56 and a 1 year high of $75.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 55.17%.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction dated 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 directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.