Outlook Wealth Advisors LLC Grows Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Outlook Wealth Advisors LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 28.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,719 shares of the financial services provider’s stock after purchasing an additional 1,036 shares during the period. Outlook Wealth Advisors LLC’s holdings in Nasdaq were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of Nasdaq by 4.9% in the 1st quarter. Raymond James & Associates now owns 1,241,498 shares of the financial services provider’s stock valued at $78,339,000 after acquiring an additional 58,538 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Nasdaq by 7.9% in the first quarter. Maryland State Retirement & Pension System now owns 28,137 shares of the financial services provider’s stock valued at $1,691,000 after purchasing an additional 2,062 shares during the last quarter. Marshall Financial Group LLC raised its holdings in Nasdaq by 8.9% during the first quarter. Marshall Financial Group LLC now owns 17,133 shares of the financial services provider’s stock worth $1,081,000 after purchasing an additional 1,395 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Nasdaq by 7.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 8,684 shares of the financial services provider’s stock worth $548,000 after buying an additional 637 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at $1,295,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ stock traded down $0.17 during mid-day trading on Friday, hitting $60.12. The stock had a trading volume of 4,792,137 shares, compared to its average volume of 2,934,295. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 1.01. The company’s 50-day simple moving average is $59.93 and its 200-day simple moving average is $56.46. The firm has a market cap of $34.58 billion, a PE ratio of 31.64, a PEG ratio of 2.77 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Sell-side analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.24 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 annualized dividend and a yield of 1.60%. Nasdaq’s dividend payout ratio is presently 46.32%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NDAQ. UBS Group boosted their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday. Citigroup raised their price target on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Barclays reduced their price objective on Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Piper Sandler raised their target price on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $66.92.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

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.