GHP Investment Advisors Inc. Buys 15,519 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

GHP Investment Advisors Inc. boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,023 shares of the financial services provider's stock after buying an additional 15,519 shares during the period. GHP Investment Advisors Inc.'s holdings in Nasdaq were worth $11,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares during the period. Venturi Wealth Management LLC raised its position in Nasdaq by 1,274.2% during the fourth quarter. Venturi Wealth Management LLC now owns 907 shares of the financial services provider's stock valued at $70,000 after buying an additional 841 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Nasdaq by 94.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,030 shares of the financial services provider's stock worth $466,000 after acquiring an additional 2,936 shares in the last quarter. Ieq Capital LLC lifted its stake in Nasdaq by 18.7% in the 4th quarter. Ieq Capital LLC now owns 26,502 shares of the financial services provider's stock worth $2,049,000 after acquiring an additional 4,184 shares in the last quarter. Finally, Howard Capital Management Inc. acquired a new stake in Nasdaq during the 4th quarter worth about $208,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Citigroup dropped their price objective on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Bank of America increased their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Piper Sandler lifted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Nasdaq has an average rating of "Moderate Buy" and an average target price of $87.19.

Nasdaq Stock Performance

Nasdaq stock traded down $0.04 during trading hours on Wednesday, reaching $88.08. 1,848,074 shares of the company were exchanged, compared to its average volume of 3,016,626. Nasdaq, Inc. has a 12 month low of $59.44 and a 12 month high of $89.12. The firm has a market cap of $50.57 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 2.23 and a beta of 1.00. 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 stock has a 50-day moving average of $80.89 and a 200 day moving average of $78.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $0.63 EPS. Nasdaq's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio is 49.09%.

Insider Activity

In other news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

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.