Burling Wealth Partners LLC Buys 4,664 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Burling Wealth Partners LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 27.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,365 shares of the financial services provider's stock after purchasing an additional 4,664 shares during the period. Burling Wealth Partners LLC's holdings in Nasdaq were worth $1,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Laird Norton Wetherby Wealth Management LLC increased its holdings in Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after purchasing an additional 157 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Nasdaq by 4.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after buying an additional 164 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock valued at $215,000 after buying an additional 187 shares during the last quarter. Parallel Advisors LLC boosted its position in Nasdaq by 4.5% in the 4th quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider's stock valued at $352,000 after buying an additional 197 shares during the last quarter. Finally, Grove Bank & Trust boosted 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 valued at $25,000 after buying an additional 216 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the transaction, the executive vice president directly owned 94,656 shares of the company's stock, valued at $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,613 shares of company stock valued at $1,874,659 in the last ninety days. Insiders own 0.70% of the company's stock.

Nasdaq Price Performance

NDAQ stock opened at $89.36 on Thursday. Nasdaq, Inc. has a 12 month low of $62.21 and a 12 month high of $90.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $85.49 and a 200 day moving average price of $79.96. The stock has a market cap of $51.30 billion, a PE ratio of 40.63, a P/E/G ratio of 2.13 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.63 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio is 49.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDAQ. Piper Sandler reiterated an "overweight" rating and issued a $97.00 price objective (up from $83.00) on shares of Nasdaq in a research report on Tuesday. Royal Bank Of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Bank of America raised their price target on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Finally, Oppenheimer restated an "outperform" rating and issued a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.63.

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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