Nasdaq, Inc. $NDAQ Stock Position Raised by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Nasdaq, Inc. by 10.8%, holding a total of 47,837 shares valued at approximately $4.28 million.
• Nasdaq recently reported earnings per share (EPS) of $0.85, exceeding analyst estimates of $0.78, with a year-over-year revenue increase of 12.7%.
• A quarterly dividend of $0.27 was paid to Nasdaq shareholders, resulting in an annualized dividend yield of 1.2%.

Janney Montgomery Scott LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,837 shares of the financial services provider's stock after buying an additional 4,676 shares during the period. Janney Montgomery Scott LLC's holdings in Nasdaq were worth $4,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas grew its position in shares of Nasdaq by 61.1% during the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after buying an additional 6,764 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Nasdaq by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after buying an additional 27,622 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Nasdaq during the 1st quarter valued at about $222,000. Manning & Napier Advisors LLC grew its position in shares of Nasdaq by 3.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 861,437 shares of the financial services provider's stock valued at $65,349,000 after buying an additional 32,004 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Nasdaq by 7.9% during the 1st quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider's stock valued at $7,059,000 after buying an additional 7,091 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president 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. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Up 0.3%

Nasdaq stock opened at $88.44 on Wednesday. The firm has a 50 day simple moving average of $93.02 and a 200-day simple moving average of $85.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $50.75 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63.

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

Nasdaq Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on NDAQ. Piper Sandler boosted their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Morgan Stanley set a $90.00 target price on shares of Nasdaq and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Barclays upped their target price on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.31.

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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