Militia Capital Management LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,542 shares of the financial services provider’s stock, valued at approximately $555,000.
Several other institutional investors have also made changes to their positions in the stock. MV Capital Management Inc. purchased a new position in Nasdaq during the fourth quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Nasdaq during the 4th quarter valued at $35,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq during the 4th quarter valued at $37,000. Finally, Signature Equity Partners LLC grew its holdings in shares of Nasdaq by 60.3% during the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 178 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NDAQ has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial restated an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods raised their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Buy” and an average price target of $110.30.
Nasdaq Stock Performance
NDAQ stock opened at $94.14 on Tuesday. The firm has a 50 day moving average of $87.87 and a two-hundred day moving average of $88.25. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a market capitalization of $52.62 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm earned $0.85 EPS. Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts anticipate that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.
Insider Buying and Selling at Nasdaq
In other news, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ab Investor acquired 56,782 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 41,797 shares of company stock worth $3,926,319 over the last three months. Corporate insiders own 0.60% of the company’s stock.
Nasdaq Profile
Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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