10,415 Shares in Nasdaq, Inc. $NDAQ Purchased by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,415 shares of the financial services provider’s stock, valued at approximately $921,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Zions Bancorporation National Association UT increased its stake in shares of Nasdaq by 83.2% during the third quarter. Zions Bancorporation National Association UT now owns 1,101 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nasdaq by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock worth $5,275,902,000 after buying an additional 3,848,406 shares during the last quarter. Texas Yale Capital Corp. increased its position in Nasdaq by 6.3% during the 3rd quarter. Texas Yale Capital Corp. now owns 30,378 shares of the financial services provider’s stock valued at $2,687,000 after buying an additional 1,790 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Nasdaq by 9.6% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 14,447 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 1,260 shares during the last quarter. Finally, Smithfield Trust Co raised its stake in Nasdaq by 114.1% during the third quarter. Smithfield Trust Co now owns 1,835 shares of the financial services provider’s stock valued at $162,000 after buying an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total value of $28,917,000.00. Following the transaction, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at approximately $185,541,400.17. This trade represents a 13.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 604,500 shares of company stock worth $58,440,045. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $79.47 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average price of $94.86 and a 200-day moving average price of $92.17. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79. The firm has a market capitalization of $45.17 billion, a PE ratio of 25.72, a P/E/G ratio of 1.31 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio is 34.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NDAQ shares. Barclays reissued an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Finally, Morgan Stanley set a $116.00 price target on shares of Nasdaq and gave the company an “overweight” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $103.13.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.