Nasdaq, Inc. $NDAQ Shares Sold by World Investment Advisors

World Investment Advisors lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,827 shares of the financial services provider’s stock after selling 305 shares during the quarter. World Investment Advisors’ holdings in Nasdaq were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its stake in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Nasdaq during the first quarter worth $30,000. CVA Family Office LLC lifted its stake in Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 213 shares during the last quarter. AlphaQuest LLC bought a new position in Nasdaq during the first quarter worth $34,000. Finally, Bayforest Capital Ltd bought a new position in Nasdaq during the second quarter worth $37,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

NDAQ stock opened at $85.66 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $48.91 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The stock’s fifty day moving average is $90.65 and its two-hundred day moving average is $87.52.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 5th. Nasdaq’s payout ratio is currently 38.57%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Piper Sandler raised their price objective on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Cowen restated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Finally, Barclays set a $109.00 target price on Nasdaq and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $98.56.

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.