Ashton Thomas Private Wealth LLC Purchases 665 Shares of Nasdaq, Inc. $NDAQ

Ashton Thomas Private Wealth LLC grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,961 shares of the financial services provider’s stock after acquiring an additional 665 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Nasdaq were worth $622,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC grew its holdings in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after buying an additional 213 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Nasdaq during the first quarter valued at approximately $30,000. Bayforest Capital Ltd bought a new position in shares of Nasdaq during the second quarter valued at approximately $37,000. Finally, AlphaQuest LLC purchased a new stake in shares of Nasdaq in the first quarter worth approximately $34,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Barclays set a $109.00 target price on Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Cowen reiterated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.56.

Nasdaq Stock Performance

NDAQ stock opened at $85.66 on Friday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The business has a 50-day moving average price of $90.65 and a 200 day moving average price of $87.52. The company has a market capitalization of $48.91 billion, a P/E ratio of 30.59, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 38.57%.

About Nasdaq

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.