First Horizon Advisors Inc. Sells 2,715 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

First Horizon Advisors Inc. decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,440 shares of the financial services provider’s stock after selling 2,715 shares during the quarter. First Horizon Advisors Inc.’s holdings in Nasdaq were worth $2,076,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NDAQ. First Pacific Financial raised its position 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 valued at $1,011,000 after purchasing an additional 142 shares during the period. Crestwood Advisors Group LLC boosted its holdings in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the period. Kentucky Retirement Systems grew its position in shares of Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC increased its stake in shares of Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 162 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 197 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $80.08 on Thursday. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $81.08. The stock’s 50 day moving average is $74.78 and its 200-day moving average is $67.82. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $46.03 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Sell-side analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s payout ratio is presently 57.49%.

Analysts Set New Price Targets

Several brokerages have weighed in on NDAQ. Keefe, Bruyette & Woods lifted their price objective 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. Oppenheimer upped their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Argus boosted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley increased their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.87.

About Nasdaq

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.