Fiduciary Family Office LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Fiduciary Family Office LLC has acquired a new stake in Nasdaq, purchasing 4,593 shares valued at approximately $348,000, as reported in their recent SEC filing.
• Several institutional investors have increased their holdings in Nasdaq, with Vanguard Group and Massachusetts Financial Services raising their stakes significantly during the first quarter.
• Nasdaq's recent quarterly earnings exceeded expectations, reporting $0.85 EPS and a revenue of $1.31 billion, reflecting a 12.7% year-over-year increase.

Fiduciary Family Office LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,593 shares of the financial services provider's stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also bought and sold shares of NDAQ. Grove Bank & Trust grew its position in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after purchasing an additional 216 shares during the period. Highline Wealth Partners LLC grew its position in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after purchasing an additional 317 shares during the period. Opal Wealth Advisors LLC bought a new stake in Nasdaq in the 1st quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in Nasdaq in the 1st quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Nasdaq in the 4th quarter worth approximately $37,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Shares of NDAQ stock traded down $0.81 during mid-day trading on Tuesday, reaching $96.13. The stock had a trading volume of 3,514,779 shares, compared to its average volume of 3,605,448. The business's fifty day moving average is $90.18 and its 200-day moving average is $82.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market cap of $55.16 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.13 and a beta of 1.00. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, research analysts forecast 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, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq's payout ratio is currently 41.54%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NDAQ. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Morgan Stanley lifted their target price on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price target on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $97.06.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president directly owned 8,879 shares of the company's stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,409 shares of company stock worth $2,887,839 over the last three months. Company insiders own 0.70% of the company's stock.

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.