HBK Sorce Advisory LLC Makes New $244,000 Investment in Nasdaq, Inc. $NDAQ

HBK Sorce Advisory LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,734 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other large investors also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Nasdaq in the first quarter worth $222,000. 111 Capital raised its position in Nasdaq by 67.0% in the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 4,450 shares in the last quarter. IFM Investors Pty Ltd raised its position in Nasdaq by 7.9% in the first quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider’s stock worth $7,059,000 after acquiring an additional 7,091 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Nasdaq by 192.2% in the 1st quarter. Teacher Retirement System of Texas now owns 177,192 shares of the financial services provider’s stock valued at $13,442,000 after purchasing an additional 116,545 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Nasdaq in the first quarter valued at about $664,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 0.2%

Shares of NDAQ opened at $85.49 on Friday. The stock has a fifty day moving average of $90.46 and a two-hundred day moving average of $87.71. 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 company has a market capitalization of $48.81 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NDAQ shares. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and raised their price target for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Cowen restated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Barclays set a $109.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Raymond James Financial reissued an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Finally, Citigroup reissued a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.