Financial Network Wealth Advisors LLC Purchases 289 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Financial Network Wealth Advisors LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 39.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,021 shares of the financial services provider’s stock after acquiring an additional 289 shares during the period. Financial Network Wealth Advisors LLC’s holdings in Nasdaq were worth $77,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NDAQ. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 216 shares during the last quarter. Highline Wealth Partners LLC increased its holdings in shares of Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 317 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $37,000. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating and set a $96.00 target price (up from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Barclays upped their price objective on Nasdaq from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, July 25th. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $97.06.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,409 shares of company stock worth $2,887,839 over the last 90 days. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $95.57 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The stock has a 50 day moving average price of $90.41 and a two-hundred day moving average price of $82.18. The company has a market capitalization of $54.84 billion, a P/E ratio of 36.76, a PEG ratio of 2.11 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. Nasdaq’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio is currently 41.54%.

Nasdaq Profile

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.