Calamos Advisors LLC Takes Position in Nasdaq, Inc. $NDAQ

Calamos Advisors LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 85,920 shares of the financial services provider’s stock, valued at approximately $7,294,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. MV Capital Management Inc. purchased a new stake in Nasdaq during the fourth quarter worth $28,000. SOA Wealth Advisors LLC. bought a new stake in Nasdaq during the 4th quarter valued at $34,000. Nemes Rush Group LLC bought a new stake in Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Nasdaq in the 4th quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq in the 4th quarter valued at $37,000. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen reduced their target price on shares of Nasdaq from $104.00 to $98.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Morgan Stanley decreased their price target on shares of Nasdaq from $116.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Barclays lowered their price target on shares of Nasdaq from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $107.42.

Nasdaq Trading Down 1.3%

Nasdaq stock opened at $88.01 on Wednesday. The stock has a 50-day moving average of $87.12 and a two-hundred day moving average of $88.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The stock has a market cap of $49.77 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 3.91 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is 37.35%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the sale, the insider owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the sale, the senior vice president directly owned 10,089 shares in the company, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,551 shares of company stock valued at $2,225,990 over the last 90 days. Company insiders own 0.60% of the company’s stock.

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.