Coldstream Capital Management Inc. Has $655,000 Stake in Nasdaq, Inc. $NDAQ

Coldstream Capital Management Inc. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,330 shares of the financial services provider’s stock after selling 700 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Nasdaq were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bruce G. Allen Investments LLC raised its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the period. Access Investment Management LLC acquired a new position in shares of Nasdaq in the 2nd quarter valued at about $28,000. CVA Family Office LLC lifted its position in shares of Nasdaq by 137.4% in the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 213 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Nasdaq during the first quarter worth approximately $34,000. Finally, Evelyn Partners Asset Management Ltd grew its position in Nasdaq by 268.6% during the second quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NDAQ shares. Barclays set a $109.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $110.00 in a report on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $89.98 on Thursday. The stock has a market capitalization of $51.38 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.79 and a beta of 0.98. The business has a 50-day moving average of $87.92 and a two-hundred day moving average of $89.19. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week 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 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

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.