Nasdaq, Inc. $NDAQ Shares Sold by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 95.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 389 shares of the financial services provider’s stock after selling 7,443 shares during the period. Hartford Funds Management Co LLC’s holdings in Nasdaq were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. 111 Capital increased its position in shares of Nasdaq by 67.0% during the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 4,450 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Nasdaq in the 1st quarter worth approximately $664,000. Fiduciary Alliance LLC boosted its position in shares of Nasdaq by 18.9% during the 2nd quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 3,976 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Nasdaq by 9.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 64,012 shares of the financial services provider’s stock valued at $4,856,000 after purchasing an additional 5,507 shares during the last quarter. Finally, Czech National Bank increased its holdings in Nasdaq by 6.3% in the 2nd quarter. Czech National Bank now owns 101,041 shares of the financial services provider’s stock valued at $9,035,000 after purchasing an additional 6,005 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 1.2%

NDAQ opened at $87.24 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $49.81 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.79 and a beta of 0.98. The business has a fifty day moving average price of $89.61 and a 200 day moving average price of $88.32. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.74 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 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 19th. Shareholders of record on Friday, December 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is currently 38.57%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NDAQ. Keefe, Bruyette & Woods upped their price target on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. TD Cowen raised their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price target (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Finally, Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.67.

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.