Delta Investment Management LLC Purchases Shares of 2,816 Nasdaq, Inc. $NDAQ

Delta Investment Management LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The firm purchased 2,816 shares of the financial services provider’s stock, valued at approximately $252,000.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC grew its position in 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 acquiring an additional 120 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq during the first quarter worth $30,000. CVA Family Office LLC grew its holdings in shares of Nasdaq by 137.4% during 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 during the last quarter. AlphaQuest LLC bought a new stake in shares of Nasdaq during the first quarter worth $34,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Nasdaq during the second quarter worth $37,000. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Nasdaq Trading Up 0.4%

NASDAQ:NDAQ opened at $88.78 on Tuesday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The business’s 50-day moving average price is $91.11 and its two-hundred day moving average price is $87.31. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $50.94 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.85 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on NDAQ. TD Cowen increased their target price on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Citigroup restated a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Barclays set a $109.00 target price on Nasdaq and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Finally, Cowen restated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.56.

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.