Dynamic Technology Lab Private Ltd purchased a new stake in Nasdaq Inc (NASDAQ:NDAQ) in the third quarter, HoldingsChannel.com reports. The fund purchased 24,426 shares of the financial services provider’s stock, valued at approximately $2,096,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank purchased a new position in Nasdaq during the 3rd quarter valued at about $101,000. Legacy Advisors LLC purchased a new position in Nasdaq during the 3rd quarter valued at about $116,000. Piedmont Investment Advisors LLC purchased a new position in Nasdaq during the 2nd quarter valued at about $125,000. Ancora Advisors LLC purchased a new position in Nasdaq during the 3rd quarter valued at about $130,000. Finally, Synovus Financial Corp increased its holdings in Nasdaq by 5,285.7% during the 3rd quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.

Shares of NASDAQ NDAQ opened at $89.89 on Friday. The stock has a market cap of $14.82 billion, a PE ratio of 19.57, a PEG ratio of 1.98 and a beta of 0.50. Nasdaq Inc has a 12 month low of $72.98 and a 12 month high of $96.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $600.00 million during the quarter, compared to the consensus estimate of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, research analysts predict that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.96%. Nasdaq’s dividend payout ratio (DPR) is presently 43.35%.

In related news, Director Lars Wedenborn sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann M. Dennison sold 1,553 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Several equities analysts have weighed in on NDAQ shares. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, September 25th. Citigroup dropped their target price on shares of Nasdaq from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Thursday, October 11th. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Deutsche Bank dropped their target price on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, October 11th. Finally, ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Nasdaq presently has an average rating of “Hold” and a consensus price target of $96.79.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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