IFM Investors Pty Ltd purchased a new stake in shares of Nasdaq Inc (NASDAQ:NDAQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,111 shares of the financial services provider’s stock, valued at approximately $241,000.

Other hedge funds have also made changes to their positions in the company. BT Investment Management Ltd acquired a new position in shares of Nasdaq during the second quarter worth $97,982,000. Sterling Capital Management LLC acquired a new position in shares of Nasdaq during the second quarter worth $40,996,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Nasdaq by 3,606.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after purchasing an additional 553,747 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in shares of Nasdaq during the third quarter worth $35,504,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Nasdaq during the second quarter worth $26,316,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nasdaq Inc (NASDAQ NDAQ) opened at $76.97 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market cap of $12,930.00, a price-to-earnings ratio of 18.77, a P/E/G ratio of 2.17 and a beta of 0.78. Nasdaq Inc has a 12 month low of $65.98 and a 12 month high of $80.14.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. analysts expect that Nasdaq Inc will post 4.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.97%. Nasdaq’s payout ratio is 100.66%.

In other Nasdaq news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

A number of research analysts have recently commented on the stock. UBS reissued a “buy” rating and set a $89.00 target price (up from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Citigroup lifted their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus price target of $78.67.

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Nasdaq Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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