Simplicity Wealth LLC Has $555,000 Position in Nasdaq, Inc. $NDAQ

Simplicity Wealth LLC increased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 104.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,210 shares of the financial services provider's stock after buying an additional 3,179 shares during the quarter. Simplicity Wealth LLC's holdings in Nasdaq were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NDAQ. Merit Financial Group LLC bought a new stake in Nasdaq in the first quarter valued at approximately $277,000. Gateway Investment Advisers LLC boosted its holdings in Nasdaq by 11.5% in the first quarter. Gateway Investment Advisers LLC now owns 5,438 shares of the financial services provider's stock valued at $413,000 after acquiring an additional 562 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Nasdaq by 10.0% during the 1st quarter. Wedmont Private Capital now owns 4,112 shares of the financial services provider's stock worth $294,000 after buying an additional 375 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Nasdaq by 7.0% during the 1st quarter. Park Avenue Securities LLC now owns 7,550 shares of the financial services provider's stock worth $573,000 after buying an additional 494 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Nasdaq by 7.1% during the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after buying an additional 187 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Oppenheimer restated an "outperform" rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Finally, Citigroup restated a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Fifteen research 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 presently has an average rating of "Moderate Buy" and an average price target of $97.31.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company's 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 sale, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $88.44 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The stock has a market capitalization of $50.75 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. The business's 50 day simple moving average is $93.02 and its two-hundred day simple moving average is $85.68.

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

Nasdaq Dividend Announcement

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

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