16,900 Shares in Nasdaq, Inc. $NDAQ Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, Holdings Channel reports. The fund acquired 16,900 shares of the financial services provider’s stock, valued at approximately $1,511,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC grew its position in Nasdaq by 72.7% in the 2nd 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. Access Investment Management LLC acquired a new stake in Nasdaq during the second quarter worth about $28,000. First Command Advisory Services Inc. acquired a new stake in Nasdaq during the first quarter worth about $30,000. CVA Family Office LLC grew its holdings in shares of Nasdaq by 137.4% during the 2nd 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 in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Nasdaq during the 1st quarter worth approximately $34,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Price Performance

Shares of NDAQ stock opened at $87.24 on Friday. The stock’s fifty day moving average is $89.61 and its 200-day moving average is $88.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The stock has a market capitalization of $49.81 billion, a PE ratio of 31.16, a PEG ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.74 earnings per share. Nasdaq’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS 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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s payout ratio is currently 38.57%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NDAQ shares. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and upped their target price for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Barclays set a $109.00 price target on shares of Nasdaq and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Morgan Stanley set a $90.00 target price on shares of Nasdaq and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.