Metis Global Partners LLC Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Metis Global Partners LLC increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,553 shares of the financial services provider’s stock after acquiring an additional 2,011 shares during the period. Metis Global Partners LLC’s holdings in Nasdaq were worth $2,012,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Pacific Financial boosted its stake in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares during the period. Crestwood Advisors Group LLC grew its stake in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.9 %

NDAQ opened at $78.76 on Friday. The stock has a market capitalization of $45.27 billion, a price-to-earnings ratio of 47.16, a P/E/G ratio of 3.12 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 twelve month low of $53.36 and a twelve month high of $80.77. The company has a 50-day simple moving average of $74.28 and a 200 day simple moving average of $67.35.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Activity

In related news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,384 shares of company stock worth $2,860,902 over the last ninety days. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Argus boosted their target price on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. TD Cowen dropped their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Oppenheimer boosted their target price on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

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.