Simplicity Wealth LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Simplicity Wealth LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,031 shares of the financial services provider's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NINE MASTS CAPITAL Ltd bought a new stake in shares of Nasdaq in the fourth quarter valued at about $274,000. Teacher Retirement System of Texas raised its holdings in Nasdaq by 892.3% in the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after acquiring an additional 54,535 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $48,749,000. Farallon Capital Management LLC lifted its position in shares of Nasdaq by 6.3% in the 4th quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider's stock worth $309,087,000 after acquiring an additional 235,748 shares during the period. Finally, Hartford Funds Management Co LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $500,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the transaction, the insider now directly owns 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NASDAQ:NDAQ traded up $1.12 during mid-day trading on Monday, reaching $86.71. 2,204,756 shares of the company were exchanged, compared to its average volume of 2,976,091. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market cap of $49.78 billion, a PE ratio of 45.12, a PEG ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $87.50. The company has a fifty day moving average of $78.72 and a 200 day moving average of $78.57.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.63 earnings per share. Nasdaq's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NDAQ shares. Barclays reduced their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Oppenheimer dropped their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research report on Thursday, April 17th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Finally, Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.50.

Nasdaq Company 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.