8,590 Shares in Nasdaq, Inc. $NDAQ Acquired by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 8,590 shares of Nasdaq, Inc. for approximately $768,000 in the second quarter.
• Nasdaq reported $0.85 earnings per share for the last quarter, exceeding analysts' expectations of $0.78, with revenue increasing by 12.7% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, representing an annual yield of 1.2%.

GC Wealth Management RIA LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,590 shares of the financial services provider's stock, valued at approximately $768,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Bruce G. Allen Investments LLC lifted its stake in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 120 shares during the period. Grove Bank & Trust increased its holdings in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares during the period. Opal Wealth Advisors LLC acquired a new position in Nasdaq in the first quarter valued at about $26,000. Finally, First Command Advisory Services Inc. bought a new position in Nasdaq during the first quarter worth about $30,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Trading Up 1.4%

Shares of NASDAQ:NDAQ opened at $88.71 on Tuesday. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $93.62 and its 200 day simple moving average is $85.25. The firm has a market cap of $50.90 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.92 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results 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. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.69 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,304 shares of company stock worth $2,035,896. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on NDAQ shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Morgan Stanley upped their target price on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Oppenheimer reissued an "outperform" rating and issued a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.06.

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.

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