First Horizon Advisors Inc. Sells 2,715 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

First Horizon Advisors Inc. lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,440 shares of the financial services provider’s stock after selling 2,715 shares during the quarter. First Horizon Advisors Inc.’s holdings in Nasdaq were worth $2,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. First Pacific Financial grew its position in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares in the last quarter. Kentucky Retirement Systems raised its holdings in shares of Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 154 shares in the last quarter. Signaturefd LLC lifted its holdings in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after buying an additional 162 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NDAQ shares. Morgan Stanley boosted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America cut their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Piper Sandler raised their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.87.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Down 0.1 %

Nasdaq stock opened at $80.08 on Thursday. The stock’s 50 day moving average price is $74.78 and its 200 day moving average price is $67.82. The company has a market cap of $46.03 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $81.08.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s payout ratio is 57.49%.

Nasdaq 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.