Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,774 shares of the financial services provider’s stock after buying an additional 677 shares during the quarter. Apollon Wealth Management LLC’s holdings in Nasdaq were worth $817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Nasdaq by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 3,096 shares in the last quarter. USA Financial Formulas increased its holdings in Nasdaq by 61.1% in the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider’s stock valued at $1,353,000 after buying an additional 6,764 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after purchasing an additional 27,622 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nasdaq in the fourth quarter worth approximately $48,749,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the transaction, the executive vice president owned 94,656 shares of the company’s stock, valued at $8,440,475.52. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider directly owned 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock valued at $1,874,659 over the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NDAQ shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $96.00 price target (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Citigroup reaffirmed a “neutral” rating on shares of Nasdaq in a research note on Wednesday, July 9th. Bank of America boosted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.63.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $89.95 on Friday. The firm has a market capitalization of $51.64 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $85.71 and its 200-day simple moving average is $80.04. Nasdaq, Inc. has a fifty-two week low of $62.21 and a fifty-two week high of $90.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, June 13th. Nasdaq’s payout ratio is presently 49.09%.

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.