PharVision Advisers LLC Takes Position in Nasdaq, Inc. $NDAQ

Key Points

• PharVision Advisers LLC acquired 5,048 shares of Nasdaq, Inc., valued at approximately $383,000, showcasing confidence in the financial services provider's stock.
• Nasdaq announced a quarterly dividend of $0.27 per share, set for payment on September 26th, with a yield of 1.2% and a payout ratio of 41.54%.
• Various hedge funds, including Captrust Financial Advisors and Deutsche Bank AG, have increased their holdings in Nasdaq, reflecting institutional interest with 72.47% of the stock owned by institutions.

PharVision Advisers LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,048 shares of the financial services provider's stock, valued at approximately $383,000.

Other hedge funds have also recently bought and sold shares of the company. Vestcor Inc grew its holdings in Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock valued at $669,000 after buying an additional 141 shares during the last quarter. Sax Wealth Advisors LLC grew its holdings in Nasdaq by 0.5% in the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock valued at $2,282,000 after buying an additional 144 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Nasdaq by 1.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after buying an additional 157 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock valued at $215,000 after buying an additional 187 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings 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 buying an additional 216 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,409 shares of company stock valued at $2,223,599 in the last three months. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on NDAQ shares. Morgan Stanley raised their price objective on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. UBS Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Oppenheimer reiterated an "outperform" rating and issued a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Finally, Barclays raised 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. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq Price Performance

Shares of Nasdaq stock traded up $1.51 during midday trading on Monday, hitting $94.99. 3,877,666 shares of the company were exchanged, compared to its average volume of 2,446,233. 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 firm has a market cap of $54.50 billion, a P/E ratio of 36.53, a PEG ratio of 2.05 and a beta of 1.02. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The firm has a 50 day simple moving average of $93.18 and a 200-day simple moving average of $83.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.69 EPS. Nasdaq's revenue was up 12.7% on a year-over-year basis. Research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued 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 of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

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.