CAPROCK Group Inc. Purchases 3,415 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

CAPROCK Group Inc. increased its position in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) stock by 256.0% in the third quarter, the company said in its most recent filing with the Securities and Exchange Commission. The fund owned 4,749 shares of the financial services provider after purchasing an additional 3,415 shares during the period. CAPROCK Group Inc.’s Nasdaq holdings were worth $269,000 at the time of the most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC acquired a new position on the Nasdaq for approximately $28,000 during the second quarter. Allworth Financial LP increased its stake in the Nasdaq by 838.5% in the third quarter. Allworth Financial LP now owns 488 shares of the financial services provider, valued at $28,000, after purchasing an additional 436 shares last quarter. Bellevue Asset Management LLC increased its holdings in the Nasdaq by 200.0% in the third quarter. Bellevue Asset Management LLC now owns 504 shares of the financial services firm, valued at $29,000, after purchasing an additional 336 shares last quarter. Crewe Advisors LLC bought a new position in Nasdaq worth about $31,000 during the second quarter. Finally, Pinebridge Investments LP increased its holdings in the Nasdaq by 110.0% during the second quarter. Pinebridge Investments LP now owns 210 shares of the financial services provider, valued at $32,000, after purchasing an additional 110 shares last quarter. 73.01% of the shares are owned by institutional investors.

Nasdaq trading down 1.1%

NDAQ opened at $59.50 on Thursday. The stock’s 50-day moving average is $62.84 and its 200-day moving average is $61.22. The company has a market cap of $29.23 billion, a P/E of 26.41, a PEG ratio of 4.87, and a beta of 0.94. Nasdaq, Inc. has a 52-week low of $46.77 and a 52-week high of $69.22. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt to equity ratio of 0.77.

The Nasdaq (NASDAQ:NDAQ – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The financial services firm reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $908.94 million. Nasdaq had a return on equity of 22.12% and a net margin of 18.08%. The company’s revenue for the quarter increased 2.4% compared to the same quarter last year. In the same quarter last year, the company generated earnings per share of $0.64. Analysts are forecasting that Nasdaq, Inc. will report earnings per share of 2.72 for the current year.

Nasdaq announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17 will receive a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday March 16th. That equates to an annualized dividend of $0.80 and a yield of 1.34%. Nasdaq’s payout ratio is currently 35.50%.

Analyst upgrades and downgrades

NDAQ has been the subject of several analyst reports. Credit Suisse Group lowered its price target on the Nasdaq to $57.00 from $59.00 and rated the company as “neutral” in a research note on Monday. Rosenblatt Securities lowered its price target on the Nasdaq to $82.00 from $84.00 and gave the company a “buy” rating in a research note on Thursday, January 26. UBS Group downgraded Nasdaq to a “neutral” rating in a research note on Tuesday, November 15. Redburn Partners began coverage of Nasdaq in a research note on Monday, November 14th. They gave the company a “neutral” rating. Finally, Bank of America lowered the Nasdaq to an underperform rating from a “buy” rating and lowered its price target on the company from $65.00 to $58.00 in a research note on Friday, October 14 $. Two investment analysts have rated the stock with a sell rating, seven with a hold rating and seven with a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.88.

Insiders place their bets

In other Nasdaq news, EVP Jeremy Skule sold 2,100 shares of the stock in one transaction on Monday, November 21. The stock sold at an average price of $65.44 for a total transaction of $137,424.00. Following the sale, the Executive Vice President now owns 54,381 shares of the Company’s stock valued at approximately $3,558,692.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other Nasdaq news, EVP Jeremy Skule sold 2,100 shares of the stock in one transaction on Monday, November 21. The stock sold at an average price of $65.44 for a total transaction of $137,424.00. Following the sale, the Executive Vice President now owns 54,381 shares of the Company’s stock valued at approximately $3,558,692.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. Also on Tuesday, November 8, EVP Bradley J. Peterson sold 13,596 shares of the stock in one transaction. The shares sold at an average price of $65.00 for a total value of $883,740.00. Following the sale, the Executive Vice President now directly owns 122,169 shares of the Company, valued at approximately $7,940,985. The disclosure for this sale can be found here. Insiders have sold 19,896 shares of the company’s stock valued at $1,277,784 over the past ninety days. 0.68% of the shares are owned by company insiders.

Nasdaq Company Profile

(received rating)

Nasdaq, Inc is a holding company engaged in trading, clearing, exchange technology, regulation, securities listing, information, and services to public and private companies. It operates through the following segments: Market Technology, Investment Intelligence, Enterprise Platforms and Market Services.

Selected items

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