Concurrent Investment Advisors LLC Grows Stock Position in Nasdaq, Inc. $NDAQ

Concurrent Investment Advisors LLC boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 59.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,002 shares of the financial services provider's stock after acquiring an additional 10,771 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Nasdaq were worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. SG Americas Securities LLC boosted its stake in shares of Nasdaq by 142.2% during the 1st quarter. SG Americas Securities LLC now owns 11,087 shares of the financial services provider's stock valued at $841,000 after buying an additional 6,510 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nasdaq by 18.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,864 shares of the financial services provider's stock valued at $2,872,000 after buying an additional 5,789 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Nasdaq during the 1st quarter valued at approximately $26,000. Exchange Traded Concepts LLC boosted its stake in shares of Nasdaq by 84.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,254 shares of the financial services provider's stock valued at $95,000 after buying an additional 574 shares during the last quarter. Finally, Mission Wealth Management LP boosted its stake in shares of Nasdaq by 3.6% during the 1st quarter. Mission Wealth Management LP now owns 15,778 shares of the financial services provider's stock valued at $1,197,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NDAQ. Morgan Stanley set a $90.00 target price on Nasdaq and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. Barclays reiterated an "overweight" rating and set a $108.00 target price (down from $109.00) on shares of Nasdaq in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and upped their price target for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $97.50.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $89.54 on Wednesday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The business's fifty day moving average price is $92.39 and its two-hundred day moving average price is $86.14. The firm has a market capitalization of $51.38 billion, a PE ratio of 34.44, a P/E/G ratio of 2.02 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

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

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the sale, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares in the company, 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. 0.70% of the stock is owned by company insiders.

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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