Venture Visionary Partners LLC Grows Position in Nasdaq, Inc. $NDAQ

Key Points

• Venture Visionary Partners increased its Nasdaq holdings by 37.5% in the third quarter, owning 47,506 shares valued at approximately $4.37 million. Institutional investors and hedge funds collectively own 72.47% of NDAQ stock.
• Nasdaq reported quarterly EPS of $1.07, exceeding the $0.98 consensus estimate, while revenue rose 14.9% year over year to $2.53 billion. The company also maintains a quarterly dividend of $0.31 per share, yielding about 1.3% annually.
• Analysts maintain a generally positive view, with Nasdaq receiving a “Moderate Buy” consensus rating and an average price target of $109.08, compared with a recent share price of $91.93.

Venture Visionary Partners LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 37.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,506 shares of the financial services provider's stock after buying an additional 12,945 shares during the period. Venture Visionary Partners LLC's holdings in Nasdaq were worth $4,371,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NDAQ. Quantum Portfolio Management LLC increased its holdings in shares of Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider's stock worth $606,000 after acquiring an additional 123 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Nasdaq by 2.5% during the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 137 shares during the last quarter. AlphaCentric Advisors LLC boosted its position in Nasdaq by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider's stock worth $221,000 after purchasing an additional 145 shares during the period. Brown Lisle Cummings Inc. boosted its position in Nasdaq by 1.7% during the second quarter. Brown Lisle Cummings Inc. now owns 8,815 shares of the financial services provider's stock worth $695,000 after purchasing an additional 151 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of Nasdaq by 1.0% in the first quarter. Hunter Associates Investment Management LLC now owns 15,150 shares of the financial services provider's stock valued at $1,285,000 after purchasing an additional 153 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $91.93 on Thursday. The business has a fifty day moving average price of $94.84 and a two-hundred day moving average price of $90.21. The stock has a market capitalization of $51.39 billion, a PE ratio of 26.80, a P/E/G ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. As a group, equities analysts predict that Nasdaq, Inc. will post 4.14 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq's dividend payout ratio is presently 36.15%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Nelson Griggs sold 11,010 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 205,001 shares of the company's stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the company's 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 sale, the executive vice president directly owned 128,293 shares of the company's stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,047 shares of company stock valued at $4,139,191 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Nasdaq in a research report on Friday, October 2nd. They issued an "equal weight" rating and a $100.00 price objective on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. TD Cowen reiterated a "buy" rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Nasdaq in a report on Monday, July 20th. Finally, Rothschild & Co Redburn set a $110.00 price objective 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 three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $109.08.

About Nasdaq

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq's business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.

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