G&S Capital LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

G&S Capital LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,912 shares of the financial services provider's stock, valued at approximately $2,573,000.

Other institutional investors have also modified their holdings of the company. Canandaigua National Bank & Trust Co. lifted its stake in Nasdaq by 19.8% during the first quarter. Canandaigua National Bank & Trust Co. now owns 12,106 shares of the financial services provider's stock worth $918,000 after purchasing an additional 2,004 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Nasdaq by 0.7% during the first quarter. Amalgamated Bank now owns 82,240 shares of the financial services provider's stock worth $6,239,000 after purchasing an additional 571 shares during the period. KBC Group NV lifted its position in shares of Nasdaq by 8.8% in the 1st quarter. KBC Group NV now owns 115,425 shares of the financial services provider's stock worth $8,756,000 after buying an additional 9,324 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Nasdaq by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,118,924 shares of the financial services provider's stock valued at $84,882,000 after buying an additional 11,970 shares during the period. Finally, Gold Investment Management Ltd. grew its position in shares of Nasdaq by 4.5% during the 1st quarter. Gold Investment Management Ltd. now owns 31,475 shares of the financial services provider's stock valued at $2,388,000 after buying an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NDAQ. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. The Goldman Sachs Group upped their price objective on Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Oppenheimer set a $96.00 price target on shares of Nasdaq and gave the company an "outperform" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.06.

Nasdaq Price Performance

Nasdaq stock traded up $0.41 during trading hours on Thursday, hitting $89.93. 1,433,250 shares of the company traded hands, compared to its average volume of 3,055,672. Nasdaq, Inc. has a 1-year low of $59.95 and a 1-year high of $90.45. The firm has a market cap of $51.63 billion, a P/E ratio of 40.88, a P/E/G ratio of 2.31 and a beta of 1.01. The firm's 50-day simple moving average is $82.90 and its two-hundred day simple moving average is $79.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77.

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, beating 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 analysts' expectations of $1.22 billion. During the same period last year, the firm posted $0.63 earnings per share. The business's revenue was up 10.7% on a year-over-year basis. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction dated 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 transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president owned 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. Insiders have sold a total of 22,270 shares of company stock valued at $1,921,838 in the last quarter. Company insiders own 0.70% of the company's stock.

Nasdaq Company 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.