World Equity Group Inc. Has $524,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

World Equity Group Inc. cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 51.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,909 shares of the financial services provider's stock after selling 7,309 shares during the quarter. World Equity Group Inc.'s holdings in Nasdaq were worth $524,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. GAM Holding AG boosted its position in shares of Nasdaq by 23.6% during the 1st quarter. GAM Holding AG now owns 84,044 shares of the financial services provider's stock worth $6,376,000 after purchasing an additional 16,069 shares in the last quarter. PFG Investments LLC boosted its holdings in Nasdaq by 22.1% in the first quarter. PFG Investments LLC now owns 4,704 shares of the financial services provider's stock worth $357,000 after acquiring an additional 852 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Nasdaq in the first quarter valued at approximately $91,000. Compass Capital Corp MA ADV grew its stake in Nasdaq by 1.4% in the first quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider's stock valued at $1,201,000 after acquiring an additional 216 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Nasdaq by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 48,497 shares of the financial services provider's stock valued at $3,678,000 after acquiring an additional 1,315 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research reports. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a research report on Thursday, April 17th. Citigroup decreased their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group restated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Oppenheimer set a $96.00 price objective on Nasdaq and gave the stock an "outperform" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.19.

Nasdaq Stock Performance

Shares of NDAQ opened at $86.10 on Friday. Nasdaq, Inc. has a 1 year low of $59.44 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The stock's fifty day moving average price is $80.31 and its two-hundred day moving average price is $78.75. The firm has a market cap of $49.43 billion, a PE ratio of 39.14, a PEG ratio of 2.22 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio is presently 49.09%.

Insider Buying and Selling

In related news, insider Pc Nelson Griggs sold 8,000 shares of the 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 sale, the insider now owns 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction dated Friday, April 4th. The stock was 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 directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was 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 insiders.

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.

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