Braun Stacey Associates Inc. Sells 5,560 Shares of Nasdaq, Inc. $NDAQ

Braun Stacey Associates Inc. decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 376,754 shares of the financial services provider’s stock after selling 5,560 shares during the quarter. Nasdaq accounts for approximately 1.1% of Braun Stacey Associates Inc.’s holdings, making the stock its 24th biggest holding. Braun Stacey Associates Inc. owned 0.07% of Nasdaq worth $33,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NDAQ. Front Row Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Nasdaq during the second quarter worth about $27,000. Bruce G. Allen Investments LLC raised its position in Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in Nasdaq in the 3rd quarter valued at approximately $27,000. Finally, Access Investment Management LLC acquired a new position in Nasdaq during the 2nd quarter worth approximately $28,000. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Morgan Stanley reiterated an “overweight” rating and issued a $111.00 price target (up from $110.00) on shares of Nasdaq in a research note on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Barclays reaffirmed an “overweight” rating and issued a $114.00 target price (up previously from $109.00) on shares of Nasdaq in a report on Friday, December 12th. Finally, Raymond James Financial reissued an “outperform” rating and set a $100.00 price target (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.40.

Nasdaq Price Performance

Shares of NDAQ stock opened at $97.13 on Friday. The stock has a 50 day moving average price of $90.64 and a 200 day moving average price of $91.07. The firm has a market capitalization of $55.46 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $99.59.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.Nasdaq’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is currently 38.57%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.