Heritage Family Offices LLP Buys Shares of 14,776 Nasdaq, Inc. (NASDAQ:NDAQ)

Heritage Family Offices LLP bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,776 shares of the financial services provider's stock, valued at approximately $1,121,000.

Other large investors have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Nasdaq during the first quarter valued at about $14,188,000. Clarus Wealth Advisors boosted its stake in Nasdaq by 14.5% during the 1st quarter. Clarus Wealth Advisors now owns 12,242 shares of the financial services provider's stock valued at $881,000 after purchasing an additional 1,546 shares during the period. Crestmont Private Wealth LLC boosted its stake in Nasdaq by 14.5% during the 1st quarter. Crestmont Private Wealth LLC now owns 9,182 shares of the financial services provider's stock valued at $697,000 after purchasing an additional 1,165 shares during the period. Merit Financial Group LLC bought a new stake in Nasdaq during the 1st quarter valued at approximately $277,000. Finally, Harbor Investment Advisory LLC boosted its stake in Nasdaq by 6.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,528 shares of the financial services provider's stock valued at $723,000 after purchasing an additional 600 shares during the period. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NDAQ. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a report on Thursday, April 17th. Bank of America increased their price target on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Citigroup reduced their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer reduced their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Price Performance

NDAQ stock traded up $1.61 during trading on Friday, hitting $85.61. 2,971,036 shares of the stock traded hands, compared to its average volume of 2,952,318. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $85.72. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 44.59, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a 50 day simple moving average of $77.19 and a 200 day simple moving average of $78.46. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. Nasdaq's quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.26%. Nasdaq's payout ratio is presently 49.09%.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider now owns 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,616 shares of company stock valued at $1,813,598 over the last ninety days. 0.70% of the stock is owned by insiders.

Nasdaq 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.