West Family Investments Inc. Purchases Shares of 5,540 Nasdaq, Inc. $NDAQ

West Family Investments Inc. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,540 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other institutional investors have also made changes to their positions in NDAQ. MV Capital Management Inc. bought a new stake in Nasdaq during the 4th quarter valued at approximately $28,000. Nemes Rush Group LLC bought a new position in Nasdaq in the 4th quarter worth approximately $35,000. Uniplan Investment Counsel Inc. bought a new position in Nasdaq in the 4th quarter worth approximately $35,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $37,000. Finally, Reflection Asset Management acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $41,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Shares of NDAQ stock opened at $97.55 on Friday. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a market capitalization of $54.53 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.30 and a beta of 0.97. The stock has a 50 day moving average of $89.66 and a two-hundred day moving average of $87.96. 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 (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (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 analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, equities analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is currently 36.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NDAQ. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Barclays reiterated 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. Raymond James Financial reissued an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Finally, Keefe, Bruyette & Woods raised their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $110.30.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Ab Investor acquired 56,782 shares of Nasdaq stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,797 shares of company stock valued at $3,926,319 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

About Nasdaq

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.