Hikari Power Ltd Buys New Position in Nasdaq, Inc. $NDAQ

Hikari Power Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQFree Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 100,500 shares of the financial services provider’s stock, valued at approximately $7,921,000. Nasdaq makes up approximately 0.9% of Hikari Power Ltd’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also recently made changes to their positions in NDAQ. NBC Securities Inc. lifted its holdings in shares of Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 111 shares during the last quarter. Independent Advisor Alliance increased its stake in Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 117 shares during the last quarter. Quantum Portfolio Management LLC increased its stake in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 123 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Nasdaq by 5.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 133 shares in the last quarter. Finally, Fielder Capital Group LLC raised its position in Nasdaq by 3.1% during the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NDAQ shares. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research note on Thursday, June 11th. Loop Capital set a $113.00 price objective on Nasdaq in a research report on Friday, April 24th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen reaffirmed a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Finally, Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $110.30.

Read Our Latest Stock Analysis on Nasdaq

Nasdaq Stock Performance

Nasdaq stock opened at $97.02 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $54.23 billion, a PE ratio of 28.29, a P/E/G ratio of 1.31 and a beta of 0.97. The firm has a fifty day simple moving average of $88.87 and a two-hundred day simple moving average of $88.00. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s payout ratio is presently 36.15%.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is currently owned by insiders.

Nasdaq Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQFree Report).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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