Investmark Advisory Group LLC Takes $664,000 Position in Nasdaq, Inc. $NDAQ

Investmark Advisory Group LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 8,425 shares of the financial services provider’s stock, valued at approximately $664,000.

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

Insiders Place Their Bets

In other Nasdaq news, insider Pc 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 transaction of $1,060,813.50. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ab Investor purchased 56,782 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the acquisition, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 41,797 shares of company stock valued at $3,926,319 in the last ninety days. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research note on Thursday, June 11th. Barclays reissued an “overweight” rating and issued a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Loop Capital set a $113.00 price target on shares of Nasdaq in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Nasdaq currently has a consensus rating of “Buy” and an average target price of $110.30.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $96.71 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The business has a fifty day moving average of $89.26 and a 200-day moving average of $87.97. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. As a group, analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is 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.