Anchor Investment Management LLC Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Anchor Investment Management LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 109.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,148 shares of the financial services provider’s stock after acquiring an additional 1,648 shares during the period. Anchor Investment Management LLC’s holdings in Nasdaq were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new position in Nasdaq during the 3rd quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its position 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 worth $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth about $26,000. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter worth about $33,000. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq during the 3rd quarter valued at about $35,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NDAQ shares. Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler upped their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Barclays lifted their price objective on Nasdaq from $87.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $81.53.

Nasdaq Trading Down 0.9 %

Shares of Nasdaq stock opened at $80.12 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $46.05 billion, a PE ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $54.54 and a 1-year high of $83.77. The company’s fifty day simple moving average is $77.59 and its 200-day simple moving average is $70.12.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) 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 analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current 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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 over the last three months. 0.70% of the stock is currently owned by company insiders.

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.