6,327 Nasdaq, Inc. $NDAQ Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,406 shares of the financial services provider’s stock after buying an additional 6,327 shares during the quarter. Fenimore Asset Management Inc’s holdings in Nasdaq were worth $20,556,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quantum Portfolio Management LLC raised its position in shares of Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 123 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Nasdaq by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 137 shares during the last quarter. AlphaCentric Advisors LLC increased its stake in Nasdaq by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 145 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Nasdaq by 1.7% during the second quarter. Brown Lisle Cummings Inc. now owns 8,815 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 151 shares during the period. Finally, Hunter Associates Investment Management LLC raised its holdings in shares of Nasdaq by 1.0% during the first quarter. Hunter Associates Investment Management LLC now owns 15,150 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 153 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 0.5%

Shares of NDAQ traded up $0.44 during mid-day trading on Thursday, hitting $92.37. 2,668,227 shares of the company’s stock were exchanged, compared to its average volume of 3,825,149. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.64 and a beta of 0.99. The firm has a fifty day moving average of $94.84 and a two-hundred day moving average of $90.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts forecast that Nasdaq, Inc. will post 4.14 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s payout ratio is 36.15%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 1,125 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $106,875.00. Following the transaction, the executive vice president owned 100,073 shares in the company, valued at approximately $9,506,935. This trade represents a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,047 shares of company stock worth $4,139,191. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NDAQ has been the subject of several research reports. Zacks Research lowered shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Piper Sandler reissued an “overweight” rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. TD Cowen reissued a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Wells Fargo & Company initiated coverage on shares of Nasdaq in a research note on Friday, October 2nd. They set an “equal weight” rating and a $100.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.08.

About Nasdaq

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.