Avantax Advisory Services Inc. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 90.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,012 shares of the financial services provider’s stock after acquiring an additional 6,651 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Nasdaq were worth $1,717,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sabal Trust CO acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $17,224,000. DNB Asset Management AS raised its stake in shares of Nasdaq by 69.0% during the third quarter. DNB Asset Management AS now owns 18,736 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 7,652 shares during the last quarter. CX Institutional raised its stake in shares of Nasdaq by 12,164.8% during the third quarter. CX Institutional now owns 21,954 shares of the financial services provider’s stock worth $2,694,000 after purchasing an additional 21,775 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Nasdaq during the third quarter worth approximately $1,036,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Nasdaq by 14.1% during the third quarter. Envestnet Asset Management Inc. now owns 305,395 shares of the financial services provider’s stock worth $37,475,000 after purchasing an additional 37,777 shares during the last quarter. 74.28% of the stock is owned by institutional investors and hedge funds.

Nasdaq stock opened at $128.87 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Nasdaq, Inc. has a fifty-two week low of $71.66 and a fifty-two week high of $137.94. The stock’s fifty day moving average is $126.45 and its two-hundred day moving average is $119.86.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.09. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $686.79 million. Nasdaq had a return on equity of 16.89% and a net margin of 16.21%. During the same quarter in the prior year, the company earned $1.22 earnings per share. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 5.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, September 10th. Nasdaq’s dividend payout ratio (DPR) is 39.20%.

Several equities research analysts have recently commented on NDAQ shares. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research note on Friday, September 11th. Loop Capital initiated coverage on Nasdaq in a research note on Friday, October 9th. They set a “buy” rating and a $145.00 price target for the company. Bank of America increased their price objective on Nasdaq from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Raymond James cut Nasdaq from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 21st. They noted that the move was a valuation call. Finally, BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Nasdaq presently has an average rating of “Hold” and an average price target of $128.50.

In related news, EVP Bradley J. Peterson sold 1,500 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $135.00, for a total transaction of $202,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Pc Nelson Griggs sold 3,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $132.44, for a total value of $397,320.00. Following the sale, the executive vice president now directly owns 21,219 shares in the company, valued at approximately $2,810,244.36. The disclosure for this sale can be found here. Insiders sold 8,040 shares of company stock worth $1,063,827 in the last three months. 0.60% of the stock is owned by corporate insiders.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The company's Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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