Delta Investment Management LLC Takes $252,000 Position in Nasdaq, Inc. $NDAQ

Delta Investment Management LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,816 shares of the financial services provider’s stock, valued at approximately $252,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Nasdaq by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after buying an additional 27,622 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Nasdaq in the 1st quarter worth approximately $222,000. 111 Capital lifted its holdings in Nasdaq by 67.0% in the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 4,450 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Nasdaq by 7.9% in the 1st quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider’s stock worth $7,059,000 after purchasing an additional 7,091 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Nasdaq by 192.2% in the 1st quarter. Teacher Retirement System of Texas now owns 177,192 shares of the financial services provider’s stock worth $13,442,000 after purchasing an additional 116,545 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nasdaq 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 in the company, valued at $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Citigroup restated a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $101.00 target price (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.56.

Nasdaq Stock Performance

NDAQ opened at $88.78 on Tuesday. The stock has a market cap of $50.94 billion, a PE ratio of 31.71, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The stock’s 50 day simple moving average is $91.11 and its 200-day simple moving average is $87.31.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.Nasdaq’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Sell-side 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 will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is 38.57%.

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.