Stance Capital LLC Has $2.43 Million Stock Position in Nasdaq, Inc. $NDAQ

Stance Capital LLC boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 667.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,524 shares of the financial services provider’s stock after purchasing an additional 23,936 shares during the period. Nasdaq accounts for approximately 0.9% of Stance Capital LLC’s portfolio, making the stock its 29th largest position. Stance Capital LLC’s holdings in Nasdaq were worth $2,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harvest Investment Services LLC bought a new stake in shares of Nasdaq in the third quarter valued at approximately $423,000. Morningstar Investment Management LLC bought a new position in Nasdaq during the third quarter worth $7,659,000. Kestra Private Wealth Services LLC raised its stake in Nasdaq by 11.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,943 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 835 shares during the last quarter. NewEdge Advisors LLC raised its stake in Nasdaq by 1.0% during the 3rd quarter. NewEdge Advisors LLC now owns 37,420 shares of the financial services provider’s stock valued at $3,310,000 after purchasing an additional 386 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Nasdaq in the 3rd quarter valued at $58,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adena T. Friedman sold 92,840 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the sale, the chief executive officer directly owned 2,079,323 shares in the company, valued at approximately $187,305,415.84. This represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 697,340 shares of company stock worth $66,803,072. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 0.7%

Shares of NDAQ stock opened at $86.47 on Wednesday. The firm has a fifty day moving average of $90.10 and a 200-day moving average of $90.56. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.57 and a beta of 1.03. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s payout ratio is presently 34.95%.

Analysts Set New Price Targets

NDAQ has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research report on Friday, January 30th. Morgan Stanley set a $116.00 target price on Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. Raymond James Financial restated an “outperform” rating and set a $109.00 price target on shares of Nasdaq in a research note on Wednesday, February 25th. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Finally, Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Buy” and a consensus price target of $103.80.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.