Nasdaq, Inc. $NDAQ Shares Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,949 shares of the financial services provider’s stock after buying an additional 439 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Nasdaq were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC grew its stake in shares of Nasdaq by 72.7% in 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 in the last quarter. Grove Bank & Trust grew its stake in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after buying an additional 216 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after buying an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the first quarter valued at $26,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Nasdaq during the first quarter worth $30,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $87.61 on Friday. The firm has a market capitalization of $50.27 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The business’s fifty day moving average price is $93.31 and its 200 day moving average price is $85.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Nasdaq’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq’s dividend payout ratio is currently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction on Friday, August 1st. The shares were 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 owned 92,551 shares in the company, valued at $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares of the company’s stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Barclays upped their price objective on Nasdaq from $101.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Citigroup reaffirmed a “neutral” rating on shares of Nasdaq in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.31.

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.