Vanguard Personalized Indexing Management LLC Grows Position in Nasdaq, Inc. $NDAQ

Vanguard Personalized Indexing Management LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,159 shares of the financial services provider’s stock after buying an additional 8,476 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nasdaq were worth $4,396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the last quarter. Vestcor Inc increased its holdings in shares of Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 141 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Nasdaq by 0.5% in the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider’s stock valued at $2,282,000 after acquiring an additional 144 shares during the last quarter. Compass Capital Corp MA ADV increased its holdings in shares of Nasdaq by 1.4% in the 1st quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider’s stock valued at $1,201,000 after acquiring an additional 216 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 216 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NDAQ. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Piper Sandler increased their target price on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Finally, UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $89.54 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The firm has a market cap of $51.38 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The firm’s fifty day moving average price is $92.39 and its 200 day moving average price is $86.14.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s payout ratio is 41.54%.

Insider Activity

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the sale, the senior vice president directly owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president 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 disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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.