First Horizon Advisors Inc. Has $2.54 Million Position in Nasdaq, Inc. $NDAQ

First Horizon Advisors Inc. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,387 shares of the financial services provider’s stock after buying an additional 2,119 shares during the period. First Horizon Advisors Inc.’s holdings in Nasdaq were worth $2,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Crestwood Advisors Group LLC increased its holdings in Nasdaq by 6.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,863 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 287 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of Nasdaq by 7.2% during the 2nd quarter. Claro Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $278,000 after buying an additional 208 shares in the last quarter. Lynwood Price Capital Management LP bought a new position in shares of Nasdaq during the 2nd quarter worth approximately $8,018,000. Access Investment Management LLC acquired a new stake in shares of Nasdaq during the 2nd quarter worth approximately $28,000. Finally, Machina Capital S.A.S. increased its stake in shares of Nasdaq by 82.7% in the 2nd quarter. Machina Capital S.A.S. now owns 30,220 shares of the financial services provider’s stock valued at $2,702,000 after acquiring an additional 13,681 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 0.4%

NDAQ opened at $85.56 on Thursday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The firm has a market capitalization of $48.85 billion, a PE ratio of 30.56, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $89.94 and its 200 day moving average is $88.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion during 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%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio is 38.57%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and set a $100.00 target price (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Cowen restated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

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.