Commerce Bank reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,663 shares of the financial services provider's stock after selling 8,888 shares during the quarter. Commerce Bank owned 0.06% of Nasdaq worth $24,022,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vestcor Inc lifted its position in shares of Nasdaq by 1.6% during the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after buying an additional 141 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Nasdaq by 1.0% during the fourth 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 acquiring an additional 157 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of 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 purchasing an additional 164 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after purchasing an additional 187 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of 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 in the last quarter. 72.47% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Morgan Stanley increased their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. Finally, Royal Bank Of Canada boosted their price objective 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. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.06.
View Our Latest Stock Analysis on NDAQ
Nasdaq Stock Up 1.8%
Shares of NASDAQ NDAQ traded up $1.74 during mid-day trading on Monday, reaching $96.91. 2,327,307 shares of the company's stock were exchanged, compared to its average volume of 3,563,475. The firm has a market capitalization of $55.61 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.11 and a beta of 1.00. The company has a current ratio of 0.96, a quick 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. The business has a fifty day simple moving average of $88.29 and a 200 day simple moving average of $81.30.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. Nasdaq's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend 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 currently 41.54%.
Insider Buying and Selling at Nasdaq
In other news, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the sale, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,304 shares of company stock valued at $2,686,833 over the last ninety days. Company insiders own 0.70% of the company's stock.
Nasdaq Profile
(
Free Report)
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.
Further Reading

Before you consider Nasdaq, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nasdaq wasn't on the list.
While Nasdaq currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.