Sei Investments Co. Trims Position in Nasdaq, Inc. $NDAQ

Sei Investments Co. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 56.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 540,464 shares of the financial services provider's stock after selling 692,665 shares during the period. Sei Investments Co. owned 0.10% of Nasdaq worth $45,877,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NDAQ. Empowered Funds LLC raised its holdings in Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider's stock valued at $1,106,000 after acquiring an additional 538 shares during the period. Woodline Partners LP boosted its stake in shares of Nasdaq by 40.7% in the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider's stock worth $2,652,000 after acquiring an additional 10,110 shares during the period. Focus Partners Wealth boosted its stake in shares of Nasdaq by 22.0% in the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider's stock worth $1,089,000 after acquiring an additional 2,584 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock worth $45,000 after purchasing an additional 463 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Nasdaq by 4.4% during the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider's stock valued at $1,018,000 after purchasing an additional 481 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $92.09 on Monday. The business's 50-day moving average is $87.43 and its 200 day moving average is $88.45. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a market capitalization of $51.48 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.43 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the business posted $0.85 EPS. The firm's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts forecast that Nasdaq, Inc. will post 4.03 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio is currently 36.15%.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the acquisition, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the business's stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the sale, the executive vice president owned 141,035 shares in the company, valued at $12,808,798.70. This represents a 5.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company's stock.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq delivered a solid Q2 beat on both earnings and revenue, with strong growth in index and FinTech driving better-than-expected results and record Market Services performance. Article Title
• Positive Sentiment: The company announced a quarterly dividend of $0.31 per share, which may appeal to income-focused investors and signals continued shareholder returns. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target to $102, indicating improved valuation expectations even though the rating remained market perform. Article Title
• Neutral Sentiment: Nasdaq’s July short-interest report showed 0 shares short and a 0.0-day days-to-cover figure, which appears more like a data anomaly than a meaningful trading signal. Article Title
• Neutral Sentiment: The company also ended its Miami case and sold its fund secondaries business, a portfolio move that may be viewed as strategic housekeeping rather than a major earnings driver. Article Title

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday. Morgan Stanley reaffirmed an "overweight" rating and set a $120.00 price objective on shares of Nasdaq in a report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of Nasdaq in a research report on Monday, July 20th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Sunday, May 3rd. Finally, Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq presently has an average rating of "Buy" and a consensus price target of $109.73.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

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