Focus Partners Advisor Solutions LLC Invests $434,000 in Nasdaq, Inc. $NDAQ

Key Points

• Focus Partners Advisor Solutions LLC has invested $434,000 in Nasdaq, Inc., acquiring 5,725 shares, as reported in their 1st quarter SEC filing.
• Insider trading activity includes the sale of <24,409 shares> by executives, with EVP Bradley J. Peterson selling 11,508 shares and SVP Michelle Lynn Daly selling 8,691 shares.
• Recent analyst reports have raised Nasdaq's stock price targets, with Morgan Stanley increasing theirs from $75 to $86, contributing to an overall favorable rating of "Moderate Buy".

Focus Partners Advisor Solutions LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,725 shares of the financial services provider's stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock valued at $3,274,000 after buying an additional 3,096 shares during the last quarter. USA Financial Formulas grew its stake in Nasdaq by 61.1% in the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after buying an additional 6,764 shares during the last quarter. Principal Financial Group Inc. grew its stake in Nasdaq by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after buying an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Nasdaq in the 4th quarter valued at $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Nasdaq in the 1st quarter valued at $222,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were 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 directly owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares of the company's stock, valued at approximately $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,409 shares of company stock valued at $2,223,599. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Piper Sandler boosted their target price on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Raymond James Financial restated an "outperform" rating and issued a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Citigroup restated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $97.06.

Nasdaq Trading Down 0.9%

Shares of NDAQ stock opened at $93.48 on Friday. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a market capitalization of $53.64 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.07 and a beta of 1.02. The firm has a 50-day moving average price of $93.07 and a 200 day moving average price of $83.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. Research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

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.

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