Peterson Financial Group Inc. Invests $42,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Peterson Financial Group Inc. bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 580 shares of the financial services provider’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Nasdaq in the 2nd quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter valued at about $27,000. Crewe Advisors LLC grew its position in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Nasdaq during the first quarter worth approximately $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer lifted their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Piper Sandler lifted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research report on Friday, October 25th. Argus raised their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James upgraded shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.87.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 114,580 shares of the company’s stock, valued at $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last 90 days. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.9 %

Nasdaq stock opened at $78.76 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market cap of $45.27 billion, a P/E ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95. The business has a fifty day moving average of $74.28 and a two-hundred day moving average of $67.40. Nasdaq, Inc. has a twelve month low of $53.36 and a twelve month high of $80.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid 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 dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Nasdaq Company 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.