Sequoia Financial Advisors LLC Buys 12,398 Shares of Nasdaq, Inc. $NDAQ

Sequoia Financial Advisors LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 85,621 shares of the financial services provider’s stock after buying an additional 12,398 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Nasdaq were worth $6,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in Nasdaq by 7,824.5% in the 2nd quarter. California State Teachers Retirement System now owns 51,567,827 shares of the financial services provider’s stock valued at $4,064,576,000 after acquiring an additional 50,917,084 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Nasdaq during the 2nd quarter worth $2,931,637,000. State Street Corp increased its position in shares of Nasdaq by 1.3% in the fourth quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock worth $1,930,808,000 after purchasing an additional 259,408 shares during the period. Geode Capital Management LLC increased its position in shares of Nasdaq by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock worth $1,243,807,000 after purchasing an additional 378,577 shares during the period. Finally, Morgan Stanley increased its position in shares of Nasdaq by 62.6% in the fourth quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after purchasing an additional 3,567,843 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq invests $100 million in Kraken’s parent: Nasdaq Ventures is investing in Payward, the parent of Kraken, to advance Nasdaq Equity Tokens and 24/7, blockchain-based trading infrastructure targeted for 2027. The agreement also includes a market-surveillance software arrangement, potentially creating additional recurring technology revenue. Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of tokenized stock trading
• Positive Sentiment: Private markets and AI offer growth opportunities: Nasdaq’s global survey found private markets are the top client-demand area across regions, while 80% of asset managers use AI in product development. The findings could support demand for Nasdaq’s indexes, data, analytics and technology solutions, although the survey is not a financial forecast. Private Markets and AI Emerge as Defining Priorities for Asset Managers
• Positive Sentiment: Short interest declined: Reported short interest in NDAQ fell 34.2% to about 6.1 million shares as of August 31, equal to roughly 1.1% of shares outstanding. This indicates reduced bearish positioning, though it is not necessarily a direct earnings catalyst.
• Neutral Sentiment: Analyst and fundamental backdrop: Recent earnings exceeded expectations, revenue increased year over year, and published analyst targets remain above the current trading range. However, NDAQ remains valued at a relatively high earnings multiple, so investors may require continued execution from its software and market-infrastructure businesses. 3 reasons investors watch Nasdaq
• Negative Sentiment: Near-term relative underperformance and execution risk: NDAQ underperformed competing exchange stocks in the latest session. The tokenization initiative will require regulatory approval, technical execution and meaningful trading adoption before it materially contributes to results. Nasdaq Inc. stock underperforms Thursday when compared to competitors

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Finally, TD Cowen reiterated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Nasdaq presently has an average rating of “Buy” and an average price target of $110.30.

Nasdaq Trading Down 0.9%

Shares of NDAQ opened at $91.19 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.60 and a beta of 0.97. The business’s fifty day moving average is $94.12 and its 200-day moving average is $89.41.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced 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 of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s payout ratio is presently 36.15%.

Insider Transactions at Nasdaq

In related news, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on 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 directly owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nelson Griggs sold 11,010 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,797 shares of company stock valued at $3,926,319 in the last three months. Company insiders own 0.60% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.