First National Bank of Omaha Acquires Shares of 54,448 Nasdaq, Inc. $NDAQ

First National Bank of Omaha purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 54,448 shares of the financial services provider’s stock, valued at approximately $4,816,000.

A number of other institutional investors also recently modified their holdings of NDAQ. Crestwood Advisors Group LLC grew its position in Nasdaq by 6.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 5,186 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 323 shares during the last quarter. NEOS Investment Management LLC grew its holdings in shares of Nasdaq by 48.0% during the third quarter. NEOS Investment Management LLC now owns 44,699 shares of the financial services provider’s stock worth $3,954,000 after purchasing an additional 14,502 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Nasdaq by 255.7% during the third quarter. Rothschild Investment LLC now owns 3,240 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 2,329 shares during the last quarter. Glenview Trust Co acquired a new stake in shares of Nasdaq in the third quarter valued at $463,000. Finally, Southeast Asset Advisors LLC bought a new position in shares of Nasdaq in the third quarter valued at about $921,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NDAQ. TD Cowen raised their price objective on shares of Nasdaq from $104.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Barclays reissued an “overweight” rating and issued a $115.00 price target (up previously from $114.00) on shares of Nasdaq in a report on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Argus upgraded Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $103.13.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $80.24 on Wednesday. The firm has a fifty day moving average of $94.44 and a two-hundred day moving average of $91.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $45.82 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.31 and a beta of 1.02. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is 34.95%.

Insider Buying and Selling

In other news, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,500 shares of company stock worth $58,440,045 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.