Texas Yale Capital Corp. Boosts Holdings in Nasdaq, Inc. $NDAQ

Texas Yale Capital Corp. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,588 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Texas Yale Capital Corp.’s holdings in Nasdaq were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in NDAQ. Nuveen LLC acquired a new stake in Nasdaq during the first quarter worth $241,614,000. Invesco Ltd. lifted its stake in shares of Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock valued at $416,795,000 after purchasing an additional 1,592,057 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Nasdaq by 5.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider’s stock worth $1,550,115,000 after purchasing an additional 993,553 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Nasdaq by 54.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,689,196 shares of the financial services provider’s stock worth $240,468,000 after purchasing an additional 952,354 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Nasdaq by 104.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,655,341 shares of the financial services provider’s stock valued at $125,574,000 after buying an additional 845,725 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $87.24 on Friday. The firm has a 50 day moving average of $89.61 and a two-hundred day moving average of $88.10. The stock has a market capitalization of $49.81 billion, a PE ratio of 31.16, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given 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 currently 38.57%.

Wall Street Analyst Weigh In

NDAQ has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Cowen reiterated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Barclays set a $109.00 target price on Nasdaq and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen raised their price target on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.67.

About Nasdaq

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.