First National Bank of Omaha purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,155 shares of the financial services provider's stock, valued at approximately $2,062,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider's stock valued at $1,106,000 after buying an additional 538 shares during the last quarter. Woodline Partners LP boosted its stake in Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider's stock valued at $2,652,000 after purchasing an additional 10,110 shares during the last quarter. Focus Partners Wealth boosted its stake in Nasdaq by 22.0% during the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider's stock valued at $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock worth $45,000 after purchasing an additional 463 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Nasdaq by 4.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider's stock worth $1,018,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.
Nasdaq Price Performance
Shares of NASDAQ:NDAQ opened at $96.35 on Thursday. The company has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.30 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The firm's 50 day simple moving average is $89.45 and its two-hundred day simple moving average is $87.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio is presently 36.15%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research note on Thursday, June 11th. Morgan Stanley restated an "overweight" rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Loop Capital set a $113.00 target price on shares of Nasdaq in a research report on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a research note on Friday, July 24th. Finally, TD Cowen reissued a "buy" rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $110.30.
Check Out Our Latest Analysis on Nasdaq
Insider Buying and Selling at Nasdaq
In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares of the company's stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,797 shares of company stock valued at $3,926,319 over the last ninety days. 0.60% of the stock is currently owned by company insiders.
About Nasdaq
(
Free Report)
Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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