Militia Capital Management LLC Invests $555,000 in Nasdaq, Inc. $NDAQ

Militia Capital Management LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,542 shares of the financial services provider’s stock, valued at approximately $555,000.

Several other institutional investors have also modified their holdings of the company. MV Capital Management Inc. acquired a new stake in Nasdaq in the 4th quarter valued at about $28,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq during the 4th quarter valued at about $35,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $35,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $37,000. Finally, Signature Equity Partners LLC raised its holdings in shares of Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Barclays reissued an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Loop Capital set a $113.00 price objective on Nasdaq in a research report on Friday, April 24th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $110.30.

Insider Buying and Selling

In other news, major shareholder Ab Investor bought 56,782 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction on 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 completion of the sale, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,797 shares of company stock valued at $3,926,319. Company insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $94.14 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The firm has a market capitalization of $52.62 billion, a PE ratio of 27.45, a P/E/G ratio of 1.28 and a beta of 0.96. The firm has a 50-day moving average of $87.87 and a two-hundred day moving average of $88.25.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts forecast that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.