Sequoia Financial Advisors LLC Has $6.75 Million Position in Nasdaq, Inc. $NDAQ

Key Points

• Sequoia Financial Advisors increased its Nasdaq holdings by 16.9% in the second quarter, owning 85,621 shares valued at approximately $6.75 million. Institutional investors and hedge funds collectively own 72.47% of Nasdaq’s stock.
• Nasdaq reported quarterly earnings of $1.07 per share, beating estimates by $0.09, while revenue rose 14.9% year over year to $2.53 billion. Analysts maintain a generally bullish outlook, with a consensus rating of “Buy” and an average price target of $110.30.
• The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a 1.4% yield. Meanwhile, insiders sold 41,797 shares worth about $3.93 million over the past 90 days.

Sequoia Financial Advisors LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,621 shares of the financial services provider's stock after buying an additional 12,398 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Nasdaq were worth $6,749,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NDAQ. California State Teachers Retirement System raised its holdings in Nasdaq by 7,824.5% during the second quarter. California State Teachers Retirement System now owns 51,567,827 shares of the financial services provider's stock worth $4,064,576,000 after acquiring an additional 50,917,084 shares in the last quarter. BlackRock Inc. bought a new position in Nasdaq in the second quarter valued at approximately $2,931,637,000. Bank of America Corp DE acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $603,631,000. Norges Bank acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $530,100,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nasdaq during the 2nd quarter worth approximately $377,818,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nelson Griggs sold 11,010 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares of the company's stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,797 shares of company stock valued at $3,926,319 over the last 90 days. Company insiders own 0.60% of the company's stock.

Nasdaq Stock Down 0.9%

NDAQ stock opened at $91.19 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $50.97 billion, a PE ratio of 26.59, a PEG ratio of 1.60 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The business's 50 day simple moving average is $94.12 and its 200 day simple moving average is $89.41.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq's dividend payout ratio is currently 36.15%.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq invests $100 million in Kraken’s parent: Nasdaq Ventures is investing in Payward, the parent of Kraken, to advance Nasdaq Equity Tokens and 24/7, blockchain-based trading infrastructure targeted for 2027. The agreement also includes a market-surveillance software arrangement, potentially creating additional recurring technology revenue. Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of tokenized stock trading
• Positive Sentiment: Private markets and AI offer growth opportunities: Nasdaq’s global survey found private markets are the top client-demand area across regions, while 80% of asset managers use AI in product development. The findings could support demand for Nasdaq’s indexes, data, analytics and technology solutions, although the survey is not a financial forecast. Private Markets and AI Emerge as Defining Priorities for Asset Managers
• Positive Sentiment: Short interest declined: Reported short interest in NDAQ fell 34.2% to about 6.1 million shares as of August 31, equal to roughly 1.1% of shares outstanding. This indicates reduced bearish positioning, though it is not necessarily a direct earnings catalyst.
• Neutral Sentiment: Analyst and fundamental backdrop: Recent earnings exceeded expectations, revenue increased year over year, and published analyst targets remain above the current trading range. However, NDAQ remains valued at a relatively high earnings multiple, so investors may require continued execution from its software and market-infrastructure businesses. 3 reasons investors watch Nasdaq
• Negative Sentiment: Near-term relative underperformance and execution risk: NDAQ underperformed competing exchange stocks in the latest session. The tokenization initiative will require regulatory approval, technical execution and meaningful trading adoption before it materially contributes to results. Nasdaq Inc. stock underperforms Thursday when compared to competitors

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial reissued an "outperform" rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Barclays reaffirmed an "overweight" rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. TD Cowen reissued a "buy" rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Zacks Research upgraded shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Morgan Stanley restated an "overweight" rating and set a $120.00 price objective on shares of Nasdaq in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $110.30.

About Nasdaq

Nasdaq, Inc NASDAQ: NDAQ operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq's businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.

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