Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in Nasdaq, Inc. by 58.6%, resulting in ownership of 2,934 shares valued at $223,000 following the sale of 4,155 shares in the first quarter.
• Nasdaq reported a Q2 EPS of $0.85, surpassing analysts' estimates of $0.78, with revenues of $1.31 billion, a year-over-year increase of 12.7%.
• The company declared a quarterly dividend of $0.27 per share, yielding 1.1%, with the ex-dividend date set for September 12th.

Annis Gardner Whiting Capital Advisors LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 58.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,934 shares of the financial services provider's stock after selling 4,155 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC's holdings in Nasdaq were worth $223,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the period. Highline Wealth Partners LLC increased its stake in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Nasdaq in the first quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the first quarter valued at approximately $30,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Nasdaq during the 4th quarter valued at approximately $37,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 0.1%

NASDAQ:NDAQ traded down $0.11 during midday trading on Thursday, reaching $96.45. The company had a trading volume of 2,791,964 shares, compared to its average volume of 3,612,789. The stock's fifty day simple moving average is $89.40 and its 200-day simple moving average is $81.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.35. The firm has a market capitalization of $55.34 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.13 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.26 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Nasdaq's quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,409 shares of company stock valued at $2,887,839 in the last three months. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Barclays increased their price objective on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Oppenheimer restated an "outperform" rating and issued a $101.00 target price (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $97.06.

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.