Nasdaq, Inc. $NDAQ Holdings Boosted by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2,307.8% during the second quarter, HoldingsChannel.com reports. The fund owned 11,702 shares of the financial services provider’s stock after acquiring an additional 11,216 shares during the period. IFP Advisors Inc’s holdings in Nasdaq were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust increased its stake in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 216 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the first quarter valued at approximately $26,000. Highline Wealth Partners LLC increased its stake in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 317 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Nasdaq in the first quarter valued at approximately $30,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

NASDAQ NDAQ opened at $88.90 on Monday. The stock has a market capitalization of $51.01 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.02 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The business’s fifty day moving average is $92.68 and its two-hundred day moving average is $86.01. 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 (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is currently 41.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Saturday, September 27th. Morgan Stanley set a $90.00 price objective on shares of Nasdaq and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Nasdaq in a research note on Wednesday, July 9th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.25.

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.