Catalyst Capital Advisors LLC Sells 600 Shares of Nasdaq, Inc. $NDAQ

Catalyst Capital Advisors LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 57.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 453 shares of the financial services provider’s stock after selling 600 shares during the period. Catalyst Capital Advisors LLC’s holdings in Nasdaq were worth $41,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its stake in Nasdaq by 6.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 195,256 shares of the financial services provider’s stock valued at $17,460,000 after acquiring an additional 12,405 shares during the period. R Squared Ltd increased its position in shares of Nasdaq by 10.1% during the 2nd quarter. R Squared Ltd now owns 5,668 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 518 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of Nasdaq by 2.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 128 shares during the last quarter. Forum Financial Management LP increased its position in shares of Nasdaq by 13.3% during the 2nd quarter. Forum Financial Management LP now owns 6,589 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 775 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of Nasdaq by 6.5% during the 2nd quarter. Ethic Inc. now owns 97,652 shares of the financial services provider’s stock valued at $8,699,000 after purchasing an additional 5,990 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Nasdaq Trading Down 0.4%

NDAQ stock opened at $88.44 on Friday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.96. The company has a market capitalization of $50.75 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.98. The business has a 50 day simple moving average of $91.22 and a two-hundred day simple moving average of $87.09.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is presently 38.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Finally, Barclays set a $109.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a report on Wednesday. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.56.

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.