Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Sentry Investment Management LLC

Sentry Investment Management LLC grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 35.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,990 shares of the financial services provider’s stock after acquiring an additional 519 shares during the period. Sentry Investment Management LLC’s holdings in Nasdaq were worth $145,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NDAQ. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the third quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its holdings in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new position in Nasdaq during the 2nd quarter worth about $26,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter worth about $33,000. Finally, LRI Investments LLC purchased a new position in shares of Nasdaq in the first quarter valued at approximately $31,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Up 1.8 %

Shares of NASDAQ NDAQ opened at $76.14 on Wednesday. The business has a 50-day moving average price of $73.11 and a 200 day moving average price of $66.32. The stock has a market cap of $43.76 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 52-week low of $50.05 and a 52-week high of $76.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Oppenheimer upped their price target on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Argus lifted their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.33.

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.