New World Advisors LLC Sells 1,437 Shares of Nasdaq, Inc. $NDAQ

New World Advisors LLC decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,102 shares of the financial services provider’s stock after selling 1,437 shares during the period. New World Advisors LLC’s holdings in Nasdaq were worth $277,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC grew its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Access Investment Management LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $28,000. CVA Family Office LLC increased its holdings in shares of Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 213 shares during the period. AlphaQuest LLC acquired a new stake in shares of Nasdaq in the first quarter valued at approximately $34,000. Finally, Evelyn Partners Asset Management Ltd raised its position in shares of Nasdaq by 268.6% in the second quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock valued at $35,000 after buying an additional 282 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NDAQ shares. Barclays set a $109.00 price target on Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their price target on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Finally, TD Cowen lifted their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $87.66 on Friday. The stock has a market cap of $50.05 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average is $88.14 and its 200-day moving average is $88.90. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

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

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Nasdaq 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.