Concurrent Investment Advisors LLC Purchases 6,708 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Concurrent Investment Advisors LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 58.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,231 shares of the financial services provider's stock after purchasing an additional 6,708 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Nasdaq were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Atria Investments Inc lifted its holdings in shares of Nasdaq by 3.2% in the fourth quarter. Atria Investments Inc now owns 32,682 shares of the financial services provider's stock valued at $2,527,000 after purchasing an additional 1,017 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Nasdaq during the fourth quarter worth about $8,791,000. Callan Family Office LLC bought a new stake in Nasdaq in the 4th quarter valued at $406,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nasdaq during the 4th quarter worth about $522,000. Finally, Edgestream Partners L.P. increased its stake in shares of Nasdaq by 116.0% during the fourth quarter. Edgestream Partners L.P. now owns 23,659 shares of the financial services provider's stock worth $1,829,000 after purchasing an additional 12,704 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Price Performance

NASDAQ:NDAQ traded down $1.32 on Friday, hitting $89.41. The company had a trading volume of 2,433,101 shares, compared to its average volume of 3,079,179. The stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.24 and a beta of 1.01. Nasdaq, Inc. has a 52 week low of $62.14 and a 52 week high of $90.84. 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 firm has a 50 day moving average of $84.84 and a two-hundred day moving average of $79.74.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. Nasdaq's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. On average, 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. Investors of record on Friday, June 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the sale, the executive vice president owned 94,656 shares of the company's stock, valued at $8,440,475.52. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 111,035 shares in the company, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock worth $1,874,659 in the last quarter. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NDAQ shares. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a research report on Tuesday, April 8th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Thursday, April 17th. UBS Group raised their target price on shares of Nasdaq from $82.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday. Oppenheimer set a $96.00 target price on shares of Nasdaq and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Barclays raised their target price on shares of Nasdaq from $84.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.69.

About Nasdaq

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.