Montag A & Associates Inc. Sells 710 Shares of Nasdaq, Inc. $NDAQ

Montag A & Associates Inc. lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,474 shares of the financial services provider’s stock after selling 710 shares during the period. Montag A & Associates Inc.’s holdings in Nasdaq were worth $5,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Bruce G. Allen Investments LLC lifted its stake in shares of Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Access Investment Management LLC purchased a new position in Nasdaq in the second quarter valued at about $28,000. CVA Family Office LLC raised its holdings in Nasdaq by 137.4% in the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 213 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Nasdaq during the first quarter valued at about $30,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Nasdaq during the second quarter valued at about $37,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.7%

NASDAQ:NDAQ opened at $87.82 on Tuesday. The company has a market capitalization of $50.14 billion, a P/E ratio of 31.36, a PEG ratio of 1.79 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The firm has a fifty day simple moving average of $89.47 and a 200-day simple moving average of $88.41.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate 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, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s payout ratio is 38.57%.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Barclays set a $109.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $90.00 price objective on Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $99.67.

Nasdaq Company 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.