6,113 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC has acquired a new stake in Nasdaq, purchasing 6,113 shares valued at approximately $464,000.
• Institutional ownership in Nasdaq is significant, with 72.47% of the stock held by institutional investors and hedge funds, indicating strong confidence in the company.
• Nasdaq recently reported earnings of $0.85 per share, exceeding estimates and showing a 12.7% increase in revenue year-over-year, with a quarterly dividend of $0.27 announced for September.

Hoxton Planning & Management LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,113 shares of the financial services provider's stock, valued at approximately $464,000.

Several other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of Nasdaq by 15.9% during the first quarter. Natixis Advisors LLC now owns 654,285 shares of the financial services provider's stock worth $49,634,000 after buying an additional 89,625 shares in the last quarter. Tredje AP fonden increased its holdings in shares of Nasdaq by 100.0% during the first quarter. Tredje AP fonden now owns 54,428 shares of the financial services provider's stock worth $4,129,000 after buying an additional 27,214 shares in the last quarter. Vestcor Inc increased its holdings in shares of Nasdaq by 1.6% during the first quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after buying an additional 141 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Nasdaq during the first quarter worth $801,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nasdaq during the first quarter worth $1,785,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Down 1.1%

Shares of NDAQ stock traded down $1.05 on Friday, reaching $95.17. 2,845,954 shares of the company were exchanged, compared to its average volume of 3,421,172. The company has a market cap of $54.61 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 2.13 and a beta of 1.00. The company has a 50-day moving average of $88.29 and a 200-day moving average of $81.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.98. Nasdaq, Inc. has a one year low of $64.33 and a one year high of $97.07.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio is currently 41.54%.

Insider Buying and Selling at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the sale, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 11,508 shares of the company's 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 completion of the sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,304 shares of company stock worth $2,686,833. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Barclays boosted their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Oppenheimer reissued an "outperform" rating and issued a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Finally, Piper Sandler cut shares of Nasdaq from an "overweight" rating to a "neutral" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

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.