Nasdaq, Inc. $NDAQ Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Nasdaq, Inc. by 48.7%, owning 9,449 shares valued at $845,000 as of the latest SEC filing.
• Nasdaq reported an earnings per share (EPS) of $0.85 for the last quarter, exceeding estimates, with quarterly revenue rising to $1.31 billion, up 12.7% from the previous year.
• The company recently announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 1.2% and a payout ratio of 41.54%.

Callan Family Office LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,449 shares of the financial services provider's stock after purchasing an additional 3,096 shares during the quarter. Callan Family Office LLC's holdings in Nasdaq were worth $845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust lifted its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after buying an additional 120 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Nasdaq during the 1st quarter valued at approximately $26,000. Highline Wealth Partners LLC lifted its position in shares of Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Nasdaq during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Up 0.6%

NASDAQ NDAQ opened at $89.39 on Tuesday. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The business's fifty day simple moving average is $92.53 and its 200-day simple moving average is $86.11. The firm has a market cap of $51.29 billion, a PE ratio of 34.38, a P/E/G ratio of 2.02 and a beta of 0.98.

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

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq's payout ratio is currently 41.54%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $108.00 target price on shares of Nasdaq in a research report on Thursday. UBS Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and increased their target price for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Piper Sandler raised their price objective on Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Barclays restated an "overweight" rating and issued a $108.00 price objective (down previously from $109.00) on shares of Nasdaq in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $90.00 price objective on Nasdaq and gave the company an "equal weight" rating in a report on Wednesday, October 1st. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and an average target price of $97.50.

Insider Buying and Selling at Nasdaq

In other news, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. The trade was a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. 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.

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