Focus Partners Advisor Solutions LLC Increases Stock Holdings in Nasdaq, Inc. $NDAQ

Focus Partners Advisor Solutions LLC raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 51.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,648 shares of the financial services provider’s stock after purchasing an additional 2,923 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Nasdaq were worth $773,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fielder Capital Group LLC increased its stake in Nasdaq by 3.0% in the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 122 shares during the last quarter. Sage Mountain Advisors LLC purchased a new position in Nasdaq in the second quarter valued at approximately $227,000. AlphaQuest LLC increased its stake in Nasdaq by 5,735.6% in the second quarter. AlphaQuest LLC now owns 25,910 shares of the financial services provider’s stock valued at $2,317,000 after purchasing an additional 25,466 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Nasdaq by 1.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,136,293 shares of the financial services provider’s stock valued at $101,607,000 after purchasing an additional 17,369 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Nasdaq by 6.8% in the second quarter. Asset Management One Co. Ltd. now owns 195,256 shares of the financial services provider’s stock valued at $17,460,000 after purchasing an additional 12,405 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $87.96 on Wednesday. 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 stock has a fifty day moving average price of $90.99 and a 200 day moving average price of $87.44. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a market cap of $50.22 billion, a PE ratio of 31.41, a P/E/G ratio of 1.86 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Analysts Set New Price Targets

Several equities analysts have commented on NDAQ shares. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price target (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. Oppenheimer restated an “outperform” rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Finally, TD Cowen raised their target price on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.56.

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.