Vise Technologies Inc. Purchases 32,912 Shares of Nasdaq, Inc. $NDAQ

Vise Technologies Inc. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 108.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,194 shares of the financial services provider’s stock after purchasing an additional 32,912 shares during the period. Vise Technologies Inc.’s holdings in Nasdaq were worth $5,815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank lifted its position in shares of Nasdaq by 168.0% during the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 168 shares during the period. Compass Wealth Management LLC acquired a new position in Nasdaq during the 3rd quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new position in shares of Nasdaq during the second quarter valued at approximately $25,000. Center for Financial Planning Inc. purchased a new position in Nasdaq during the 3rd quarter worth $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Nasdaq during the second quarter worth about $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $108.62 on Tuesday. The firm’s fifty day simple moving average is $95.92 and its 200 day simple moving average is $90.73. The stock has a market cap of $60.28 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $108.69.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. Nasdaq’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio is currently 33.88%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Nasdaq from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Piper Sandler reissued an “overweight” rating and set a $108.00 target price (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. Barclays set a $121.00 price target on Nasdaq and gave the company an “overweight” rating in a research report on Friday, October 23rd. Zacks Research downgraded Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Rothschild & Co Redburn dropped their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 1,125 shares of Nasdaq stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the completion of the transaction, the executive vice president owned 96,561 shares of the company’s stock, valued at $9,173,295. The trade was a 1.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tal Cohen sold 10,390 shares of Nasdaq stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $103.34, for a total transaction of $1,073,702.60. Following the completion of the transaction, the insider directly owned 205,076 shares of the company’s stock, valued at $21,192,553.84. This trade represents a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,877 shares of company stock valued at $2,330,505. Corporate insiders own 0.60% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.