Blair William & Co. IL Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Blair William & Co. IL increased its holdings in Nasdaq, Inc. by 1.6% during the 1st quarter, bringing its total ownership to approximately 0.09% of Nasdaq, valued at $41.04 million.
• Nasdaq reported $0.85 earnings per share for the last quarter, exceeding the consensus estimate of $0.78 and marking a 12.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.27, to be paid on September 26, representing a 1.1% yield and a payout ratio of 41.54%.

Blair William & Co. IL grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541,044 shares of the financial services provider's stock after purchasing an additional 8,463 shares during the quarter. Blair William & Co. IL owned about 0.09% of Nasdaq worth $41,044,000 at the end of the most recent reporting period.

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% during 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 last quarter. Highline Wealth Partners LLC grew its holdings in shares of Nasdaq by 1,509.5% during 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 last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in shares of Nasdaq in the 1st quarter valued at $30,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Nasdaq in the 4th quarter worth $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $95.17 on Monday. The firm has a market cap of $54.61 billion, a PE ratio of 36.60, a P/E/G ratio of 2.11 and a beta of 1.00. The business has a 50-day moving average price of $88.29 and a 200 day moving average price of $81.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a twelve month low of $64.33 and a twelve month high of $97.07.

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 the consensus estimate of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $0.69 EPS. The business's quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 given a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq's dividend payout ratio (DPR) is 41.54%.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the transaction, the executive vice president owned 94,656 shares in the company, valued at $8,440,475.52. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,304 shares of company stock worth $2,686,833 in the last ninety days. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

NDAQ has been the topic of several research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Barclays upped their target price on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.63.

Nasdaq Company 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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