Nasdaq, Inc. $NDAQ Shares Bought by Focus Partners Advisor Solutions LLC
by Michael Walen · The Markets DailyFocus Partners Advisor Solutions LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 51.1% in the second quarter, Holdings Channel.com reports. The fund owned 8,648 shares of the financial services provider’s stock after buying an additional 2,923 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Nasdaq were worth $773,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Bruce G. Allen Investments LLC raised its stake in shares of Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Nasdaq during the 1st quarter worth $30,000. Bayforest Capital Ltd acquired a new position in shares of Nasdaq during the 2nd quarter worth $37,000. AlphaQuest LLC acquired a new position in shares of Nasdaq during the 1st quarter worth $34,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Nasdaq during the 1st quarter worth $40,000. Institutional investors and hedge funds own 72.47% of the company’s stock.
Analyst Ratings Changes
NDAQ has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. TD Cowen lifted their price objective on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Barclays set a $109.00 price target on Nasdaq and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Piper Sandler boosted their target price on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.56.
View Our Latest Report on NDAQ
Nasdaq Stock Performance
NDAQ stock opened at $87.96 on Wednesday. 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 cap of $50.22 billion, a P/E ratio of 31.41, a P/E/G ratio of 1.86 and a beta of 0.98. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The stock’s 50 day simple moving average is $90.99 and its 200 day simple moving average is $87.44.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is presently 38.57%.
Insider Buying and Selling
In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. This represents a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.
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.
Read More
- Five stocks we like better than Nasdaq
- With Risk Tolerance, One Size Does Not Fit All
- The Drone Arms Race: From Battlefield to Balance Sheet
- What is a penny stock? A comprehensive guide
- Why Wall Street Is Backing These 3 Comeback Stocks
- Where to Find Earnings Call Transcripts
- Intel’s Breakout Quarter: More Than a Beat, It’s a Declaration
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:NDAQ – Free Report).